Trump v. Twitter, Inc (1:21-cv-22441)
District Court, S.D. Florida
https://www.courtlistener.com/docket/60041159/trump-v-twitter-inc/
Docket entries, attachments Oct 1, 2021
#SoMuchWinning
Facebook claims it doesn't have 'monopoly power' because that doesn't exist
https://www.androidcentral.com/ftc-files-amended-complaint-against-facebook
Facebook has filed a second motion to dismiss the FTC antitrust lawsuit. The social media giant says that the FTC's amended complaint "fails to fix the deficiencies of its first attempt, and should suffer the same fate."
The motion notes that the FTC can't credibly claim that Facebook has monopoly power "because no such power exists," adding that the company continues innovating and improving its products and services.
Facebook's statement indicated the following:
"The FTC's amended complaint fails to fix the deficiencies of its first attempt, and should suffer the same fate. The FTC's fictional market ignores the competitive reality: Facebook competes vigorously with TikTok, iMessage, Twitter, Snapchat, LinkedIn, YouTube, and countless others to help people share, connect, communicate or simply be entertained. The FTC cannot credibly claim Facebook has monopoly power because no such power exists. We continuously innovate and improve our products and services to earn people's time and attention because we have to."
It's worth noting that Facebook argues its point while it's currently experiencing an outage that has taken down several services tied to it, including WhatsApp, Instagram, Oculus, and others.
Dow falls 323 points as tech stocks tumble
https://www.upi.com/Top_News/US/2021/10/04/Dow-falls-323-points-tech-stocks-tumble/3011633377983/