Federal Trade Commission calls for breakup of Facebook
(From NBC)
The Federal Trade Commission sued to break up Facebook on Wednesday, asking a federal court to force the sell-off of assets such as Instagram and WhatsApp as independent businesses.
“Facebook has maintained its monopoly position by buying up companies that present competitive threats and by imposing restrictive policies that unjustifiably hinder actual or potential rivals that Facebook does not or cannot acquire,” the commission said in the lawsuit filed in federal court in Washington, D.C.
This article was originally posted here: https://www.ac2news.com/2020/12/federal-trade-commission-calls-for-breakup-of-facebook/.
