Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Sarah Grillo/Axios

The Federal Trade Commission on Thursday took a second shot at alleging Facebook is an illegal monopoly in a new complaint that accuses the social media company of buying up potential competitors or thwarting their access to the platform.

Why it matters: The FTC, now led by Big Tech critic Lina Khan, is trying to save its case against Facebook after a judge dismissed its first attempt.

Driving the news: The FTC filed an amended complaint in a D.C. federal court arguing Facebook illegally acquired competitors WhatsApp and Instagram, and that Facebook "lured" app developers to its platform and "buried" them when they became competitive threats.

  • In June, Judge James Boasberg dismissed the agency's first complaint, noting that it lacked specifics on the metrics or methods used in defining and calculating Facebook's market share, but allowed the agency to try again.
  • The FTC said in a press release that its new complaint bolsters its arguments with new detailed statistics on Facebook's market share and new evidence showing Facebook has the power to control prices or exclude competition.

Details: In its complaint, the FTC argues companies like TikTok, Twitter and YouTube are not real substitutes for Facebook in the "personal social networking" market because those services are not used to interact with friends and family.

  • The FTC notes that Snapchat is the next-largest provider of personal social networking services in the U.S. after Facebook, but its user base and engagement level are only a "fraction of the size" of those of Facebook and Instagram.
  • The agency argues that Facebook has maintained a dominant share of the market since 2011, and uses metrics including time spent, daily active users and monthly active users as evidence.
  • For example, the FTC says Facebook's share of the time spent by users of apps providing social networking services has exceeded 80% since 2012.

What they're saying: “Facebook lacked the business acumen and technical talent to survive the transition to mobile," said Holly Vedova, FTC Bureau of Competition acting director.

  • "After failing to compete with new innovators, Facebook illegally bought or buried them when their popularity became an existential threat. This conduct is no less anticompetitive than if Facebook had bribed emerging app competitors not to compete."

The other side: Facebook called the lawsuit "meritless" in a statement.

  • "There was no valid claim that Facebook was a monopolist — and that has not changed," a Facebook spokesperson said. "Our acquisitions of Instagram and WhatsApp were reviewed and cleared many years ago, and our platform policies were lawful.
  • "The FTC's claims are an effort to rewrite antitrust laws and upend settled expectations of merger review, declaring to the business community that no sale is ever final."

The intrigue: Facebook called on Khan to recuse herself from the case, given her previous work on antitrust issues for the House Judiciary Committee and her public criticism of the company.

  • The FTC says the Office of General Counsel reviewed the Facebook petition and Office of the Secretary dismissed it, noting that the case will be prosecuted before a federal judge

Flashback: The FTC filed the case in the waning days of the Trump administration, with then-Chairman Joe Simons, a Republican, joining with the agency's two Democrats to bring the complaint over the objections of the two Republican commissioners.

  • The Democratic and Republican leaders of the House and Senate antitrust subcommittees urged Khan to continue enforcement efforts against Facebook for potential antitrust violations in a letter following the judge's dismissal of the complaint.

Go deeper: Read the complaint

Editor's note: This story has been updated with more details from the FTC's complaint and a comment from Facebook.

Go deeper

Two lawyers who challenged 2020 election ordered to pay Dominion, Facebook

Photo: David Jennings/Digital First Media/Boulder Daily Camera via Getty Images

A federal judge in Colorado on Monday ordered two lawyers who brought an unsuccessful lawsuit challenging the 2020 election results to pay more than $186,000 to cover the legal fees of the groups they sued, including Facebook (now Meta) and Dominion Voting Systems.

Driving the news: Magistrate Judge N. Reid Neureiter said the lawsuit "has been used to manipulate gullible members of the public and foment public unrest." He added that the two lawyers, Gary Fielder and Ernest John Walker, "should have known better" and they "need to take responsibility for their misconduct."

Nov 23, 2021 - Technology

New social media trend: Old-fashioned links

Illustration: Lazaro Gamio/Axios

After years of hoarding engagement, new startups — along with some tech giants — are finally making it easier for users to add external links to their profiles and content.

Why it matters: Linking out to personal web pages or online storefronts has traditionally been difficult to do on some social media platforms, since most firms want to keep users engaged on their own platforms as much as possible.

14 mins ago - World

Biden to warn Putin U.S. will add troops in Eastern Europe if Russia invades Ukraine

Putin meets Biden in Geneva. Photo: Peter Klaunzer - Pool/Keystone via Getty

President Biden will warn Russian President Vladimir Putin when they speak on Tuesday that if Russia invades Ukraine, the U.S. is prepared to increase its troop presence, capabilities and military exercises on NATO's "eastern flank," a senior administration official told reporters.

Why it matters: The administration believes it's increasingly likely that Putin will order an invasion.