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Thursday, 10 December 2020

Facebook sued by the US FTC, might be forced to sell Instagram and WhatsAp

Facebook might be forced to sell Instagram and WhatsApp after the company was accused of using predator strategy and its market dominance to snap up rivals and smaller competitors. The US Federal Trade Commission filed a lawsuit against Menlo Park, followed by another, filed by a union between 46 states, Washington DC and Guam. The antitrust lawsuits say Facebook “used its monopoly power to snuff out competition at the expense of everyday users”. Letitia James, the New York Attorney-General, said “it is critically important to block this predatory acquisition of companies” and that...



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