Facebook anti-trust lawsuits seek to divest Instagram and WhatsApp thejournal.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thejournal.ie Daily Mail and Mail on Sunday newspapers.
A demonstrator protests outside the home of Mark Zuckerberg. Credit: AP
The US government is to try and force Facebook to break up its dominance of social media by selling off its Instagram and WhatsApp messaging services.
Federal regulators have moved to sue Facebook in an anti-trust lawsuit, announced by the Federal Trade Commission and New York Attorney General Letitia James.
In a separate case, 48 states and districts accused the company of abusing its market power in social networking to crush smaller competitors.
Mark Zuckerberg s company took over Instagram in 2012 and WhatsApp in 2014.
Facebook founder Mark Zuckerberg. Credit: PA It’s really critically important that we block this predatory acquisition of companies and that we restore confidence to the market, Ms James said during a press conference announcing the lawsuit.
In a landmark anti-trust action headlined by bipartisan support, the US federal government and 48 states led by the New York Attorney General have sued
Lawsuits filed by US government, 48 states against Facebook for misusing power orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
In a landmark antitrust action headlined by bipartisan support, the US government and 48 states have sued Facebook, accusing it of abusing its market power to kill off competition.The US is pushing for a spinoff of Facebook owned Instagram and .