“Big Tech must account for its actions,” Louisiana Attorney General Jeff Landry, whose state joined the probe, said in the statement. “I am proud to join my Republican and Democrat colleagues in efforts to ensure Tech Giants can no longer hide behind complexity and complicity.”
didn’t immediately return a message seeking comment. The company’s shares dropped 2.1 per cent as of 11:28 am in New York trading.The expansion of the probe is the latest sign that states are continuing to take aim at Big Tech, with a similar investigation led by Texas under way against Alphabet’s Google. The state probes target a wide range of practices that generate billions of dollars in revenue for the world’s biggest social-media company and the largest seller of search-based advertising.
On Monday, James hosted a meeting of policy experts to discuss the strengths and weaknesses of various antitrust legal theories involving Facebook, according to a person familiar with the gathering. They also reviewed Facebook’s acquisitions of Instagram and WhatsApp, as well as privacy issues and the company’s power in the digital-advertising market, the person said. The Wall Street Journal first reported the meeting.