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Antitrust suit against Facebook
APNews | 12-09-2020 | By MARCY GORDON and MICHAEL R. SISAK
US govt, states sue Facebook for 'predatory' conduct:
https://apnews.com/article/us-news-3...d339ef38dfbc08
Quote:
WASHINGTON (AP) Federal regulators on Wednesday sued to force a breakup of Facebook as 48 states and districts accused the company in a separate lawsuit of abusing its market power in social networking to crush smaller competitors.
The antitrust lawsuits were announced by the Federal Trade Commission and New York Attorney General Letitia James. The FTC specifically asked a court to force Facebook sell off its Instagram and WhatsApp messaging services.
Its really critically important that we block this predatory acquisition of companies and that we restore confidence to the market, James said during a press conference announcing the lawsuit.
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