FTC’s refiled Facebook suit does not offer market definitions reflective of reality, misunderstands ad markets, and highlights harms of regulatory interference (Ben Thompson/Stratechery)

FTC’s refiled Facebook suit does not offer market definitions reflective of reality, misunderstands ad markets, and highlights harms of regulatory interference (Ben Thompson/Stratechery)

Ben Thompson / Stratechery:
FTC’s refiled Facebook suit does not offer market definitions reflective of reality, misunderstands ad markets, and highlights harms of regulatory interference  —  It is coming up on two weeks since the FTC refiled its case against Facebook;1 from the Wall Street Journal: