Facebook in worse regulatory position than peers, says analyst [MarketWatch]
Meta Platforms, Inc. - Class A (FB)
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Source: MarketWatch
Facebook in worse regulatory position than peers, says analyst Needham analyst Laura Martin wrote Monday that Facebook Inc. FB, +2.16% appears to be in a worse position than Big Tech peers Alphabet Inc. GOOGL, +1.09% GOOG, +1.08% and Apple Inc. AAPL, +0.60% given that the Federal Trade Commission and not the Department of Justice has jurisdiction to investigate the company's practices. Martin points to several aspects of the FTC's mission statement that indicate to her that the agency has a wider scope for its investigations. The FTC's mission statement conveys a focus on "preventing anti-competitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity" and mentions that the agency is "the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy." To Martin, this mission means that the company "can look into almost anything it wan
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