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Win, Lose or Settle: Facebook antitrust lawsuits will take years to resolve

Published: December 10, 2020

WASHINGTON: Facebook, faced with two major antitrust lawsuits, could be forced to breakup, settle with changes to its business, or it could prove its government challengers wrong and win in court, antitrust experts said. The Federal Trade Commission and a major coalition of states are asking that Facebook be forced to sell WhatsApp and Instagram, saying it used a "buy or bury" strategy to snap up rivals and keep smaller competitors at bay. THE FTC AND STATES WIN If the government wins, the judge could rule Facebook must divest its photo sharing app Instagram and messaging app WhatsApp. "At ...

Source: indiatimes.com

US lawsuits could force Facebook sale of Instagram, WhatsApp

Published: December 10, 2020

Facebook could be forced to sell its prized assets WhatsApp and Instagram after the US Federal Trade Commission and nearly every US state filed lawsuits against the social media company on Wednesday.

Source: techcentral.co.za

'Buy or bury': Facebook faces U.S. lawsuits that could force sale of Instagram

Published: December 10, 2020

The complaints say the social media giant relies on a strategy to snap up rivals and keep smaller competitors at bay.

Source: japantimes.co.jp