Facebook announced on Thursday, September 3, its users can transfer photos and videos stored on its servers to two new tech platforms, reported Reuters. This is its latest move to address antitrust concerns by giving users an option to easily leave the company’s services.
The social media company’s new partners are cloud storage firms Dropbox and Koofr – a European Union-based startup. Facebook announced a similar partnership with Alphabet-owned Google Photos in April.
The feature that allows such transfers is called data portability. It gives users more control over their data and allows the social media company to respond to US regulators and lawmakers who are investigating its competitive practices and allegations it has stifled competition.
Facebook’s move comes ahead of a hearing set up by the Federal Trade Commission on September 22 to examine the potential benefits and challenges of data portability. Control of data that hurts competition has become a critical topic in the antitrust debate in the United States and Europe.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI