U.S. FTC and 48 States File Antitrust Lawsuit Against Facebook

Better late than never: the U.S. Federal Trade Commission and 48 states file lawsuits in Federal District Court against Facebook alleging its systematic aquisition of competitors is monopolistic. If the antitrust case forces the ‘breaking off’ of core platforms Instagram and Whatsapp from Facebook into separate businesses, it could have serious repercussions for Google, Amazon, Apple, Microsoft, and would-be Silicon Valley giants.


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