FTC and 48 states hit Facebook with antitrust lawsuits

The FTC alleges that Facebook engaged in a systematic strategy to eliminate threats to its monopoly, including the 2012 and 2014 acquisitions of Instagram and WhatsApp, which the FTC previously cleared. Facebook acquired Instagram for $1 billion and WhatsApp for $19 billion.

Source: FTC and states sue Facebook, could force Facebook to divest Instagram and WhatsApp

Get the latest RightsTech news and analysis delivered directly in your inbox every week
We respect your privacy.