Facebook CEO Mark Zuckerberg

Antitrust lawsuit: Facebook breakup would demolish Zuckerberg's tech empire.

Zuckerberg struggled to convince Congress of the merits of the company's plans for a cryptocurrency in light of all the other challenges the company has failed to solve. The U.S. Federal Trade Commission took a major step toward the possible breakup of Facebook Inc. by formally filing an antitrust lawsuit against the technology giant, accusing it of abusing its monopoly powers in social networking to stifle competition.

Topics Zuckerberg | antitrust law

Kurt Wagner & Sarah Frier | Bloomberg  Last Updated at December 10, 2020 13:06 IST

https://www.business-standard.com/article/international/antitrust-lawsuit-facebook-breakup-would-demolish-zuckerberg-s-tech-empire-120121000538_1.html

Because much of the company’s revenue growth is already coming from Instagram, and WhatsApp is central to Facebook’s bet on digital commerce, losing the two platforms would threaten to erase much of Facebook’s long-term value. The company’s shares, which have soared more than 35% in 2020, fell as much as 4% Wednesday, ending the trading day down about 2%.

MIRRORED

https://forums.delphiforums.com/ranaki_yacking/messages/?msg=8211.1

Time to pay back for all the flaws FB has created for the past few years!

"Facebook is running out of slots to place advertisements on its flagship social network -- too many ads in the feed diminish a user’s experience."

There's definitely more to Zuckerberg's struggled people wouldn't dare mentioning, however his commercial deals is shooting right back at him!

LIVE:

Amistad Project unveils report on election funding From Facebook founder Zuckerberg

NTD
https://youtu.be/jap3EgiHwz0

Amistad Project is holding a press conference Wednesday to release a report allegedly exposing the dark money apparatus of 10 nonprofit organizations funded by five foundations whose intent was to fundamentally undermine the electoral system. The group alleges that hundreds of millions of dollars were injected into the election, with $500 million coming from Facebook founder Mark Zuckerberg.

Zuckerberg-Funded Group Comes Under Spotlight in Election-Related Court Cases

Facebook CEO Mark Zuckerberg is accused in post-election lawsuits of contributing to constitutional violations in key battleground states as a particular group received hundreds of millions of dollars.

The Center for Tech and Civic Life, a national nonprofit based in Illinois, provided funding to over 2,500 election offices across the country to run elections amid the COVID-19 pandemic. Funds were used to pay poll workers, put up ballot drop boxes, and acquire mail-in ballot equipment and supplies. More than $6 million was doled out to officials in Fulton County, Georgia, and to five cities in Wisconsin, according to lawsuits filed this month. The funds were sent to facilitate violations of state law, the lawsuits claim. The money was sent through agreements that had municipalities run elections in contravention to state law, according to the lawsuits, which were filed by the Thomas More Foundation’s Amistad Project. Accepting funding from a private group like the center is barred by state and federal law, the lawsuits claim.

By Zachary Stieber
November 28, 2020 Updated: December 1, 2020

https://www.theepochtimes.com/zuckerberg-funded-group-comes-into-spotlight-in-election-related-court-cases_3596912.html

Well it's well known it's a free service (aka commercial lurkers) so they can do what they want, however we can do what we want too, and I personally stay away from the FB crowd!

From one thing to the other it could not get any worse!

Great advice - I don't mind commercials but when it becomes obviously pushy it becomes hideous!

Most of the TV programs and sites have pushy and repetitive commercials!