The Federal Trade Commission filed a new antitrust lawsuit against Facebook, claiming the tech giant practiced monopolizing tactics when acquiring Instagram and WhatsApp.
According to our sources at Tech Crunch, The Federal Trade Commission and other governing officials sued both at the federal and state levels regarding Facebook’s business practices. They’ve alleged that Facebook’s acquisition of WhatsApp and Instagram fall under monopolizing and anti-competitive behavior by effectively removing opportunities from other competitors, they’ve also claimed that Facebook uses its platform to prevent the growth of emerging companies by leveraging access to it.
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Because of these allegations, the FTC is asking to courts to split both WhatsApp and Instagram from Facebook. On grounds those acquisitions are retroactively illegal. In addition, Facebook should have to provide prior notice and seek approval for any future merger or acquisitions. From both the FTC and state authorities. In response to the lawsuits filed. Facebook tweeted:
“The government now wants a do-over with no regard for the impact that precedent would have on the broader business community.”
Let us know your thoughts in the comments section below. Do you think The Federal Trade Commission should remove WhatsApp and Instagram from Instagram? Lastly, for more tech news, Apple Releases New AirPod Max Over-Ear Headphones.
