Tech giant has abused its dominance, they allege.
The Federal Trade Commission and state attorneys general of 48 states led by New York filed antitrust complaints against Facebook. They allege that the company is abusing its dominance to crush competition. It is the second time in less than two months the government has brought a monopoly case against an American technology giant. It is the biggest regulatory attack against Facebook in the company’s history.
The suit, filed Wednesday, alleges conduct that thwarted competition from rivals in order to protect its monopoly. The FTC suit also seeks a court order to “unwind” Facebook’s acquisition of Instagram and What’sApp.
If the plaintiffs are ultimately successful, a judge could order the breakup of the company, including separating its main social media platform from other lesser platforms.
As the Lord Leads, Pray with Us…
- For U.S. officials investigating the monopoly on social media held by Facebook.
- For Congress to address rules that having been taken advantage of by Facebook to censor opposing opinions.
- For governing bodies to probe other big tech companies guilty of violating antitrust laws.
Sources: Fortune, ABC News
