FTC Lawsuit Against Facebook Could Force Company to Sell Instagram, WhatsApp
The Federal Trade Commission and 46 states are suing Facebook, claiming the social media company is maintaining a social networking monopoly. The FTC is recommending Facebook to divest its assets, including Instagram and WhatsApp.
In a press release, the FTC claims Facebook is a social network monopoly “through a years-long course of anticompetitive conduct.” The investigation by the FTC, 46 states, and Guam, claim moves like the 2012 acquisition of Instagram, and the 2014…
Facebook illegally maintains a monopoly and a breakup is on the table, says FTC lawsuitThe Federal Trade Commission just fired the opening salvo in the war to break up Facebook. The FTC lawsuit, announced Wednesday, accuses Facebook of "illegally maintaining" its monopoly through, in part, buying up would-be competitors like Instagram and WhatsApp. The complaint has the backing of 46 states' attorneys general, along with those of the District of Columbia and Guam, and pulls no punches in its characterization of Facebook's supposedly illegal […]
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