A smoking gun email has emerged that illustrates the government s core case in its landmark antitrust suits against Facebook, but Wall Street analysts doubt that the case will succeed.
Facebook may be forced to sell Instagram, WhatsApp gulftoday.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulftoday.ae Daily Mail and Mail on Sunday newspapers.
U S antitrust siege of tech widens with lawsuits vs Facebook enewscourier.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from enewscourier.com Daily Mail and Mail on Sunday newspapers.
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Summary:
(Pixabay )
In Europe this morning, Facebook, Instagram and Messenger were down. I’m tempted to believe they were having a fit of the vapors over the US Federal Trade Commission (FTC) finally taking action to tame the Zuckerberg-spawned monster. “We are working to get things back to normal,” was the party line on the outage, but it might well have applied to the mood in the room at Facebook HQ today..
To summarise, the FTC plus Attorneys General from 48 states - the others were busy? - have filed lawsuits accusing Facebook of illegal monopolistic behavior, abusing its market power to squash smaller competitors and looking for restitution that could well include an enforced breakup of Instagram and WhatsApp messaging services.