The FTC and 48 states are set to launch a legal assault on Facebook over claims of antitrust violations. The lawsuits seek to break up Mark Zuckerberg’s social media empire.
Politico reports that federal antitrust authorities and dozens of states are set to launch a double-barreled legal assault against Facebook over allegations of antitrust violations. Both lawsuits aim to force Facebook to break up its empire which includes messaging service WhatsApp and photo-sharing app Instagram.
Attorneys general from 48 U.S. states and territories, including New York, are behind one of the suits that was first hinted at last week. The second suit filed by the FTC is set to be filed later this afternoon.
The cases accuse Facebook of illegally using its power for more than a decade to push out rivals and buy out rising competitors, noting WhatsApp and Instagram as specific examples of this. Facebook has continued to purchase multiple companies despite recent scrutiny, Breitbart News recently reported on Facebook’s purchase of the customer service startup Kustomer in a deal valued at more than $1 billion. – READ MORE
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