The US Government Says Facebook Needs To Sell Instagram And WhatsApp
https://www.buzzfeednews.com“For nearly a decade, Facebook has used its dominance and monopoly power to crush smaller rivals and snuff out competition, all at the expense of everyday users,” “By using its vast troves of data and money, Facebook has squashed or hindered what the company perceived as potential threats.” New York Attorney General Letitia James said at a press conference announcing the antitrust lawsuits filed Wednesday by the Federal Trade Commission and attorneys general from 46 states and two territories.
Facebook is obviously not pleased
We're reviewing the complaints & will have more to say soon. Years after the FTC cleared our acquisitions, the government now wants a do-over with no regard for the impact that precedent would have on the broader business community or the people who choose our products every day.
— Facebook Newsroom (@fbnewsroom) December 9, 2020
