[ad_1]
Facebook has canceled the acquisition of the application to avoid falling into the trap of fines for violation of non-monopoly laws and disrespect for fair competition
Facebook is currently under scrutiny by US official agencies for breaching the privacy of its users and its social networks, as well as for investigating its monopolistic behavior in the marketplace and for killing competition. loyal.
According to the New York Times report, Facebook was about to acquire the Houseparty video chat application over the past year and to increase its market share and dominance over the social media market; Violate antitrust laws.
Epic announced its acquisition of Houseparty application last June, which has about 35 million users that the company will most likely use to expand its business in the gaming market and social networks.
Previously, the inks concerned the access of the Federal Trade Commission to documents that feared Facebook's involvement in monopolistic operations, during the discovery of these documents during the investigation and the investigation. Investigation of business practices and user privacy violations.
As a result, the social media giant has been fined $ 5 billion for repeatedly violating privacy, selling and sharing user data with third parties and companies, including the Cambridge Analytica scandal.
It is worth mentioning that the Commerce Authority has opened a survey early in the year to review Facebook acquisitions, including WhatsApp, Instagram and many other small startups bought by the company to their owners, to ensure the integrity of the acquisition procedures and the respect of competition law.
The number of votes calling for the division of major US technology companies has recently increased, including Senators and politicians who have called for the protection of competition in the market, with Facebook at the top of the list.
Source
The New York Times
Source link
