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FTC Gets Jurisdiction for Possible Facebook Antitrust Probe

6/3/19
from The Wall Street Journal,
6/3/19:

The Federal Trade Commission already has been investigating Facebook for privacy violations.

The Federal Trade Commission will lead any antitrust investigation into Facebook Inc. FB -6.82% under an arrangement that gives the Justice Department chief oversight of Alphabet Inc.’s GOOG -6.45% Google, as the U.S. government gears up for scrutiny of the country’s major tech companies over competition concerns. The FTC secured the rights to begin a potential investigation of Facebook and whether it has engaged in unlawful monopolistic practices as part of an agreement that allowed the Justice Department to take the reins in a Google probe, according to people familiar with the matter. The FTC and Justice Department share authority to enforce U.S. antitrust law and at times must work out turf arrangements regarding which agency will handle what issues.

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