2024-12-26 - الخميس
Housing Bank Recognizes Several Female Traffic Sergeants on International Women's Day The Housing Bank Launches its “Fast Track” Financing Service for Small and Medium Enterprises Announcing the Khalifa International Award for Date Palm and Agricultural Innovation Winners’ names World Aquatics reveals exciting Egypt Aquatics Festival for May 2023 Embassy of Pakistan, Amman, Jordan Observes Arab Bank Brings Apple Pay to Customers “ The Housing Bank Group’s Net Profit for 2022 Increased by 20.2% over Previous Year, Recommending a Cash Dividend of 25% of the Share Nominal Value “ ARAB BANK GROUP REPORTS NET PROFITS OF $544.3 MILLION FOR 2022, 25% CASH DIVIDENDS LIFESTYLE BRAND CORE NAMED TITLE SPONSOR OF THE FORMULA E 2023 CORE DIRIYAH E-PRIX Jordanian Phosphate and the Omani Investment Authority are discussing joint cooperation The king discusses by telephone with the Sultan of Oman bilateral relations A royal will approving an amendment to Dr. Al-Khasawneh's government Sponsored by the President of the Jordan and Amman Chambers of Industry Crown Prince receives Egypt president upon arrival in Jordan The President of the University of Jordan, Dr. Nazir Obeidat, decided to cancel the university's sixtieth anniversary party, in mourning for the souls of the martyrs of Public Security. The Armed Forces mourn the martyrdom of three employees of the Public Security Directorate The Public Security Directorate announced the martyrdom of Colonel Abdel-Razzaq Abdel-Hafez Al-Dalabeh, Deputy Police Director of Ma'an Governorate The Public Security Directorate announced the martyrdom of Colonel Abdel-Razzaq Abdel-Hafez Al-Dalabeh, Deputy Police Director of Ma'an Governorate Attempt to smuggle 200k Captagon tablets, 2.5 kg crystal meth foiled The Moroccan national team meets its French counterpart in the World Cup semi-finals tonight

US seeks more time to refile Facebook antitrust case

US seeks more time to refile Facebook antitrust case
Nayrouz News Agency :
US antitrust enforcers have asked a federal court for extra time in refiling a monopoly abuse case against Facebook which could roll back its acquisition of Instagram and WhatsApp, but was thrown out last month.

The Federal Trade Commission (FTC) said Facebook did not oppose the request to extend the filing deadline by some three weeks until August 19, according to a filing in court on Friday and posted online on Monday.

The extension gives the FTC time to revise its argument in the case.

Last month, Judge James Boasberg of the US District Court of Washington, DC, said in a 53-page opinion that the agency's initial lawsuit lacked evidence, notably in defining the market that Facebook was allegedly monopolising.

The federal agency based its case on a "vague" assertion that Facebook controlled more than 60 per cent of the social networking market, but the FTC "does not even allege what it is measuring", according to the judge's June 28 ruling.

The judge said the December FTC complaint "says almost nothing concrete on the key question of how much power Facebook actually had... it is almost as if the agency expects the court to simply nod to the conventional wisdom that Facebook is a monopolist".

The judge issued a separate opinion dismissing the case by the states, saying attorneys general had waited too long to bring the case for the acquisition of Instagram in 2012 and WhatsApp in 2014.

He initially gave the FTC 30 days to refile the case.

The new FTC filing said the agency will file an amended complaint by August 19, and that Facebook will have until October 4 to file its response. Additional briefs will come November 17 from the FTC and December 1 from Facebook.

The move comes amid a ramped-up effort by US antitrust enforcers against the largest technology firms which have increasingly dominated key sectors of the economy, including Facebook, Apple, Amazon and Google.
مدينة عمان