Watchdog Seeks Antitrust Rule For Web-Based Cos.

Law360, New York (September 6, 2011, 5:44 PM EDT) -- The Center for Regulatory Effectiveness asked federal regulators Tuesday to enact a regulation to ensure that Web-based companies such as Twitter Inc., Facebook Inc. and Google Inc. do not engage in unfair competition or deceive consumers.

The Washington-based advocacy group asked the U.S. Federal Trade Commission to establish a rule that would define unfair or deceptive trade practices, in a move the CRE said would make U.S. businesses more competitive worldwide.

The petition comes after news reports that the FTC is already investigating Google and Twitter,...
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