The government’s Facebook trustbusting is a zealous takedown that harms consumers and punishes innovation

Consumer group: The government’s Facebook trustbusting is a zealous takedown that harms consumers and punishes innovation WASHINGTON, D.C — On Wednesday, the Federal Trade Commission issued its long-awaited lawsuit, in conjunction with attorneys general from 46 states, that aims to force Facebook to break up its popular services WhatsApp and Instagram for alleged “anticompetitive” behavior. Yaël Ossowski, deputy director of the Consumer Choice Center, a millennial consumer advocacy group based in Washington, D.C., said the FTC’s lawsuit does more to actively harm consumers than help. “The actions by agencies of our federal and state governments to try to dismantle Facebook’s […]

Facebook Trustbusters Are Motivated by Partisan Politics, Not Concern for the Consumer

Channeling the spirit of Theodore Roosevelt and nostalgia for the early 20th century Progressive Era, the latest bad idea being circulated in elite circles is to use the trust-busting power of the federal government to break up the social network Facebook. The idea has been promoted by the likes of Democratic politicians like senators Elizabeth Warren and Amy Klobuchar and also Republicans like Sen. Ted Cruz. Even Chris Hughes, an original Facebook co-founder, has hitched his wagon to the idea, as expressed in his now infamous New York Times op-ed. But let’s not kid ourselves. We’re not dealing with a […]