Facebook seeks to dismiss antitrust suits, saying it hasn’t harmed consumers

Facebook Inc. on Wednesday asked a federal judge to dismiss antitrust lawsuits by the Federal Trade Commission and state attorneys general, arguing that government enforcers have no valid basis for alleging the social media giant is suppressing competition. The FTC “utterly ignores the reality of the dynamic, intensely competitive high-tech industry in which Facebook operates," the company said in seeking to dismiss the commission’s case. In a second motion, Facebook argued the states’ case “does not and cannot assert that their citizens paid higher prices, that output was reduced, or that any objective measure of quality declined as a result of Facebook’s challenged actions." MORE FROM THIS...