>“Facebook lacked the business acumen and technical talent to survive the transition to mobile. After failing to compete with new innovators, Facebook illegally

>“Facebook lacked the business acumen and technical talent to survive the transition to mobile. After failing to compete with new innovators, Facebook illegally bought or buried them when their popularity became an existential threat,” said Holly Vedova, FTC Bureau of Competition Acting Director. “This conduct is no less anticompetitive than if Facebook had bribed emerging app competitors not to compete. The antitrust laws were enacted to prevent precisely this type of illegal activity by monopolists. Facebook’s actions have suppressed innovation and product quality improvements. And they have degraded the social network experience, subjecting users to lower levels of privacy and data protections and more intrusive ads. The FTC’s action today seeks to put an end to this illegal activity and restore competition for the benefit of Americans and honest businesses alike.” Shouldn't the FTC be a neutral body? How did the FTC miss this criminal activity for 10 whole years? I think an investigation should be called for. The supposed antitrust laws have failed miserably. This must be the one of the FTC's worst failing ever, by their own admission. This gem: “Facebook lacked the business acumen" FB has a market cap of 1T USD. That's $1,000,000,000,000. She sounds deluded.