US: Advocate for Facebook's monopoly

The federal court has decided to proceed with the Antitrust lawsuit against Meta (Facebook). According to Forbes, this development could lead Meta to sell Instagram and WhatsApp. In addition, Google and Facebook are expected to incur heavy fines from the privacy regulator in France

David Wertheim

13/01/2022

Thursday, 13 January 2022, 13:08 Updated: 13:30

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USA: The federal court has decided to proceed with the antitrust lawsuit against Meta (Facebook) which deals with its monopoly in the American market. The decision was made by the same judge who rejected an earlier version of the lawsuit, which was filed under the Trump administration. He said this time the government case - as rewritten by the FTC headed by chairman Lina Khan - is good enough to run in court. According to Forbes, this development could lead the meta to sell Instagram and WhatsApp

. And Facebook are expected to incur heavy fines from the privacy regulator in France - $ 170.4 million and $ 68.2 million, respectively - for violating EU privacy laws.

This week, according to CNBC - the British digital bank Starling is boycotting Facebook due to its failure to deal with financial advertisements that constitute fraud.

While Google has already tightened its rules on financial ads, Facebook has yet to take similar action.

And if all that is not enough, according to a report in the Washington Post, the sister of a federal officer who was killed is suing Facebook, claiming the platform is responsible for killing her brother during racial justice demonstrations in 2020.

More on Walla!

Special: Google and Facebook dominate the digital advertising industry.

In the world they woke up, in Israel they are still asleep

To the full article

Mark Zuckerberg (Photo: AP)

The excessive and dangerous control of the global tech giants Google and Facebook often arises in the context of lack of control over problematic content or random blockages of surfers.

Sometimes also following and the promotion of the Minister of Communications, Yoaz Handel, the supervision of blockages and bots on the networks - proposals that may also stem from political motives.

But all of this only further silences the large and untreated white elephant in the room: the lack of regulation on the tech giants who eat most of the local advertising pie, which settles for leftovers - thus hurting publishers and the bleeding press industry as well.

Indeed, this is not just a bite, but a real monopoly - even according to the strict definitions of the Israeli competition authority, according to estimates, 85% of the digital advertising market in Israel is controlled by Facebook and Google.

It is a monopolistic and absolute control.

From a test conducted by Walla!

Brenze states that even compared to the rest of the world, Israel's situation is not alarming, and that while in the world the power of the giants is being taxed and curbed, in Israel no legislation is advancing on the issue.

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