Just two weeks into her tenure as chair of the U.S. Federal Trade Commission, Lina Khan has been handed her first crisis: how to rescue the agency’s near-dead monopoly lawsuit against Facebook Inc. and keep antitrust enforcement against the biggest technology companies on track.
On Monday, a federal judge in Washington dismissed the FTC’s landmark antitrust complaint against Facebook and a parallel complaint by a coalition of states, both of which sought to break up the company.
Judge James Boasberg said the FTC failed to sufficiently detail its claim that the company has monopoly power in the social media market. ...