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Facebook antitrust investigation expands to 47 attorneys general


According to Market Intelligence, December 2022


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Facebook antitrust investigation expands to 47 attorneys general

Dozens of attorneys general have joined a New York-led antitrust investigation of Facebook Inc.

"Our investigation now has the support of 47 attorneys general from around the nation, who are all concerned that Facebook may have put consumer data at risk, reduced the quality of consumers' choices and increased the price of advertising," New York Attorney General Letitia James said in an Oct. 22 statement.

James, who announced the multistate probe in September, said the attorneys general will "use every investigative tool at our disposal to determine whether Facebook's actions stifled competition and put users at risk."

The attorneys general initially part of the investigation were from Washington, D.C., Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio and Tennessee. The investigation now includes attorneys general from most U.S. states and the U.S. territory of Guam.

Facebook in July disclosed that it was under investigation by the U.S. Federal Trade Commission for antitrust concerns, shortly after it agreed to pay a $5 billion fine to settle FTC-documented privacy violations.