The social media firm deceived users about its privacy practices and bought competitors or denied them access to its platform to create a dominant position, according to a paper co-authored by Fiona Scott Morton, previously chief economist at the justice department’s antitrust division. Facebook declined to comment to the Financial Times. (Financial Times)
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Crypto has a reputation for being hostile to regulation. In Canada, that’s changing
BuzzFeed stock tumbles in wake of SPAC merger
AbCellera gets emergency FDA approval for antibody treatment
Wealthsimple sells its U.K. business to online-investment company Moneyfarm
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.