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Facebook sued by FTC, states over alleged abuse of monopoly power – Source CNET Tech


Facebook has been facing more scrutiny from US lawmakers and regulators.

Graphic by Pixabay/Illustration by CNET

The Federal Trade Commission and a coalition of more than 40 states and territories sued Facebook on Wednesday, alleging the social media giant had illegally stifled competition by snapping up rivals to protect its monopoly power in social networking. 

The joint actions focus Facebook’s key acquisitions of Instagram, a photo-sharing service, and WhatsApp, an encrypted messaging app. The deals sealed Facebook’s dominance in social…

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Source CNET Tech

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