Did Facebook use a buy or bury strategy to stifle market competition?

A coalition of 46 states and two additional jurisdictions launched a lawsuit against Facebook, alleging the company systematically eliminated rivals to maintain dominance. This video examines the legal arguments claiming these actions harmed user privacy and reduced service quality.

Led by New York attorney-general Letitia James, the lawsuit characterizes Facebook's growth strategy as a deliberate 'buy or bury' approach. The plaintiffs argue that by acquiring or crushing potential competitors, the company effectively deprived consumers of the benefits typically fostered by a competitive market.

The legal challenge asserts that this anti-competitive behavior had tangible consequences for the public, specifically resulting in diminished privacy protections and a stagnation in service innovation. By removing the pressure of rivalry, the company allegedly maintained its market position at the expense of user choice and experience.

Source: Facebook Accused Of Breaking Antitrust Laws - FTC & 46 State Lawsuit