FTC, State Prosecutors Seek to Break Up Facebook for Anticompetitive Conduct The FTC and a coalition of attorneys general argue that Facebook acquired Instagram and WhatsApp to stop them from leapfrogging Facebook. But Facebook says the legal action is revisionist history. Grow Your Business, Not Your Inbox
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Email This story originally appeared on PCMag
The Federal Trade Commission and 46 state attorneys general are calling on the court to potentially break up Facebook over claims the company has an illegal monopoly over the social networking industry.
On Wednesday, the FTC and a coalition of state prosecutors filed two antitrust lawsuits against Facebook, alleging the company established the monopoly by buying would-be rivals, Instagram and WhatsApp, in 2012 and 2014 respectively.