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FTC + 48 States Sue Facebook: This could force Facebook to divest Instagram and WhatsApp
PUBLISHED WED, DEC 9 20202:33 PM ESTUPDATED WED, DEC 9 20204:09 PM ESTLauren Feiner
Salavador Rodriquez
KEY POINTS
- The Federal Trade Commission and a coalition of attorneys general from 48 states and territories filed two separate antitrust lawsuits against Facebook on Wednesday.
- The lawsuits target two of Facebook’s major acquisitions: Instagram and WhatsApp.
- Both are seeking remedies for the alleged anticompetitive conduct that could result in requiring Facebook to divest the two
FTC and states sue Facebook, could force it to divest Instagram and WhatsApp
Facebook first disclosed the Federal Trade Commission was investigating its business in July 2019.
www.cnbc.com