Facebook should be broken up, FTC and states allege in twin lawsuits cnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnet.com Daily Mail and Mail on Sunday newspapers.
Calls for Facebook break up as US issues lawsuits for anti-competitive behaviour
Antitrust lawsuits issued by the US Federal Trade Commission and 48 attorneys general call for the breakup of Facebook following 10 years of anti-competitive behaviour
Share this item with your network: By Published: 10 Dec 2020 0:55
The US has filed lawsuits against Facebook calling for the company to face sanctions for years of anti-competitive conduct to preserve its monopoly position.
The US Federal Trade Commission (FTC) and a coalition of 48 US attorneys general accused Facebook of engaging in a systematic strategy to eliminate competitors.
The FTC said that it would be pressing the courts for Facebook’s acquisition of Instagram and WhatsApp to be unwound, and for Facebook to be barred from engaging in further anti-competitive practices.
Facebook Inc. was sued by U.S. antitrust officials and a coalition of states that want to break up the company by unwinding its acquisitions of Instagram and WhatsApp, deals the government says were part of a campaign to illegally crush competition.
US antitrust siege of tech widens with lawsuits vs Face accesswdun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accesswdun.com Daily Mail and Mail on Sunday newspapers.