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New York opens an antitrust investigation to Facebook

The New York State Attorney General’s Office has opened an investigation to the technology company Facebook to determine if their practices have been monopolistic.

“I will investigate Facebook to determine if their actions jeopardized consumption data, reduced the quality of consumer options or increased the price of advertising,” said New York attorney general Letita James.

“The world’s largest social network must comply with the law,” added the lawyer in a message posted on her Twitter social network profile.

Hours before James announced his decision, the newspaper ‘The Wall Street Journal’ had advanced the decision, adding that another parallel investigation will also affect Google and, in total, about 40 prosecutors will participate.

On July 24, the Federal Trade Commission (FTC) and the United States Securities and Exchange Commission (SEC) imposed fines of 5,000 and 100 million dollars (4,534 and 91 million euros), respectively in the case of Cambridge Analytica.

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