Updated June 28, 2018 07:48:52Pornhub, the popular social media network, is to pay a $30-million settlement to resolve antitrust charges filed by the U.S. Department of Justice against the site.
PornHub is the second major tech company to face antitrust charges over its alleged dominance of the social media market.
In January 2018, the DOJ filed charges against Twitter and Facebook with the antitrust division of the Justice Department’s Antitrust Division.
Twitter had already settled with the DOJ for $5.5 million and Facebook had settled for $7.5 billion.
Pete Santilli, chief executive of Pornhub, said in a statement that the settlement was “a step in the right direction for our customers, our employees, and the industry.”
Porn’s move to settle comes at a time when social media giants like Facebook, Google, Amazon, and Twitter are facing mounting scrutiny for alleged market power.
In the past, Facebook has said it is not involved in the monetization of its content.
But it has been accused of favoring its own advertisers.
Pentagon officials have been warning of the dangers of social media and of the increasing dominance of large companies like Google and Twitter in the online advertising marketplace.