New York Leads Multi-State Facebook Anti-Trust Probe

CNBC reports:

New York State Attorney General Letitia James announced Friday she is launching a multi-state investigation into Facebook for possible antitrust violations. Facebook shares were down about 0.5% in Friday’s premarket, but did not seem to react to James’ announcement.

Attorneys general of Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio, Tennessee and the District of Columbia will join the probe, according to the announcement. It will focus “on Facebook’s dominance in the industry and the potential anti-competitive conduct stemming from that dominance,” according to the release.

Facebook is already facing a separate investigation by the Federal Trade Commission over antitrust concerns, the company confirmed in its quarterly report in July. That announcement came on the same day that the FTC announced its $5 billion settlement with Facebook over its privacy policies.