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FTC Lawsuit Against Facebook Could Force Company to Sell Instagram, WhatsApp

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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…

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