In a speech that may herald antitrust action against Facebook, Joe Simons, chairman of the Federal Trade Commission (FTC), warned on Thursday that antitrust regulators should worry about dominant companies buying start-ups that pose a threat to competition, according to the Wall Street Journal’s Chinese website. < / P > < p > Simons was reported to have said at a meeting of the American Bar Association that “monopolists can suppress it by acquiring a new competitor, rather than just targeting it through anti competitive action.” “It may be easier and more effective to buy this new threat as long as it is not allowed to fall into the hands of others,” he said < p > < p > according to the report, legal experts and privacy advocates said Facebook had been criticized for buying instagram and WhatsApp to build market influence. < p > < p > according to the Wall Street Journal on October 23, people familiar with the matter said that staff of the Federal Trade Commission suggested that the agency file an antitrust lawsuit against Facebook. The Federal Trade Commission has spent more than a year investigating complaints that Facebook is using its strong market position to curb competition as part of a broader effort by US antitrust authorities to review the behavior of large technology companies. < / P > < p > it is reported that the Federal Trade Commission of the United States has conducted an investigation for more than a year about Facebook’s use of its strong market position to stifle competition. Facebook is just one of the targets of an extensive US antitrust investigation into the dominant technology companies. < / P > < p > Facebook founder Zuckerberg was also questioned by the Federal Trade Commission in August at a time when it was investigating whether it was in violation of U.S. antitrust laws. In the three months to September, revenue rose 22% to $21.47 billion. The company expects revenue growth to accelerate further in the fourth quarter as the holiday season boosts advertising spending. As we all know, Facebook is not the first Internet giant to suffer from monopoly. Just last month, the U.S. Department of Justice filed an antitrust lawsuit against alphabet’s Google. The Justice Department accused Google of illegally maintaining a monopoly in the Internet search and advertising market. Global Tech

By ibmwl