The Federal Trade Commission’s Facebook antitrust investigation will not end this year, or next, and there could be a leadership change at the agency…
One specifically states it’s “virtually impossible” for it to finish by the end of next year. Another says that agency officials are preparing to speak directly with both company chief Mark Zuckerberg and operations chief Sheryl Sandberg. This, along with more discovery, will place the conclusion after the end of next year.
FTC Facebook Antitrust Investigation to Continue throughout 2021
Neither the FTC or Facebook are making any public statements about the case. However, it is believed the regulatory body is placing its focus on Facebook’s possible violation of antitrust laws through its various acquisitions. These include its ownership of Instagram, WhatsApp, and its more recent purchase of Giphy.
Because of this, Facebook looks like a monopoly. Plus, other social media companies have struggled to mount any real competition. Two prime examples are Snapchat and Twitter, which, even when combined, have 374 million daily active users (about 229 million and 145 million, respectively). By comparison, Facebook by itself has 1.73 billion DAUs, and that’s not even counting Instagram, WhatsApp, and Messenger.
Further complicating the investigation is the upcoming presidential election in November. That could result in new leadership at the FTC, which might alter the course and/or focus of the investigation.