NY attorney general meets with DOJ, FTC over Facebook antitrust probe

NY attorney general meets with DOJ, FTC over Facebook antitrust probe
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New York Attorney General Letitia James (D), who's leading a multistate antitrust investigation into Facebook, met with officials at the Department of Justice and Federal Trade Commission (FTC) on Monday to raise concerns about the company's market power.

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"As we have said in the past, we have grave concerns over potential anticompetitive practices by large tech companies," James said in a statement. "We are concerned that Facebook’s actions may have put consumer data at risk of data breaches, reduced the quality of consumers’ choices, and increased the price of advertising, so we will continue to work in a bipartisan manner to protect consumers and protect competition.”

The FTC declined to comment. Facebook and the Department of Justice did not immediately respond to requests for comment.

The meeting was first reported by Axios.

Last month, James announced that she, along with the attorneys general from seven other states and the District of Columbia, would be investigating Facebook for potential antitrust violations.

The FTC, which leveled a record $5 billion fine against Facebook over the summer for privacy violations, also has an open antitrust investigation into the company.