Facebook Feud

Question 1

What are the charges on facebook?

Answer 1

1. Facebook acquisition stratergy

2. Anti competitive platform conduct

Question 2

What is Facebook acquisition stratergy?

Answer 2

acquisition of photo-sharing network Instagram and messaging platform WhatsApp reflects Mr. Zuckerberg’s
view that “it is better to buy than compete”.

Question 3

What is Anti competitive platform conduct?

Answer 3

“When Facebook opted not
to purchase a firm presenting a competitive threat, or was rebuffed, Facebook cut off access to key components of its immensely valuable network.
[MHNJE COMPETITIVE COMPANIES NA SWATACHA N/W OR TYACHE FEATURES VAPRU NAHI DILE]

Question 4

Acts related to this in USA?

Answer 4

The lawsuits invoke the Sherman Act, 1890, and the Clayton Act, 1914. Section 2 of the Sherman Act makes it unlawful for a company to achieve monopoly power or keep such power via means that are anti-competition. Section 7 of the Clayton Act seeks to prevent mergers of companies that will lessen competition or lead to a monopoly.
[SHERMAN ->ACHIEVE MONOPOLY VIA ANTI-COMPETITION MEANS]

[CLAYTON -> PREVENT MERGERS TO ,AVOID MONOPOLY]