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 faces FTC lawsuit over Instagram, WhatsApp ownership adelaidenow.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adelaidenow.com.au Daily Mail and Mail on Sunday newspapers.
Backed by 46 US states and a federal agency, the legal filing sets out 123 pages of evidence against Facebook and accuses it of a buy-or-bury strategy to maintain what it claims is an illegal monopoly.
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.