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INT: FTC sues to break up Facebook, sell off assets like Instagram and WhatsApp

INT: FTC sues to break up Facebook, sell off assets like Instagram and WhatsApp
inlandnewstoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inlandnewstoday.com Daily Mail and Mail on Sunday newspapers.

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Facebook Hit With Antitrust Lawsuits | RUTHFULLY YOURS

Posted By Ruth King on December 10th, 2020
WASHINGTON The Federal Trade Commission and 46 states sued Facebook Inc. on Wednesday, accusing the social-media giant of buying and freezing out small startups to choke competition.
The FTC’s sweeping antitrust case seeks to force Facebook to unwind its acquisitions of WhatsApp and Instagram, two of its landmark deals. The states filed a separate and similar lawsuit, alleging a lack of competition has harmed consumers, including by weakening privacy protections.
The lawsuits come weeks after the Justice Department brought a case alleging Google was illegally maintaining a monopoly in its search business. Collectively, the cases reflect U.S. concern about the power of dominant online platforms. ....

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