Ftc Sues Facebook Calls For Undoing Of Instagram And Whatsapp Acquisitions
The Federal Trade Commission has announced that it is suing Facebook. The lawsuit accuses Facebook of “illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct.” A separate lawsuit has also been filed by a coalition of 48 attorneys general led by New York AG Letitia James. The FTC lawsuit focuses on Facebook using its power to eliminate threats to its monopoly and the effect the actions have had on consumers....