FTC lawsuit could force Facebook to give up Instagram and WhatsAppFacebook's grip on Instagram and WhatsApp is now being threatened.
What you need to know
The Federal Trade Commission has filed litigation against Facebook after a year-long investigation.
Facebook is alleged to have practiced anticompetitive behavior by purchasing Instagram and WhatsApp, companies that Facebook's executives were threatened by.
The lawsuits call for Facebook to divest in both Instagram and WhatsApp.
The FTC today filed litigation against Facebook on the grounds that it has practiced anticompetitive behavior. The claims by the FTC allege that Facebook has managed to maintain a monopoly that began with the company's acquisition of Instagram in 2012, followed by its purchase of WhatsApp in 2014. The lawsuits call for Facebook to strip ownership of both applications and would require regulatory approval for any future acquisitions.
The complaints surrounding Facebook's conduct allege that it would purchase companies that it felt threatened by, stating that it would...
Source:
FTC lawsuit could force Facebook to give up Instagram and WhatsApp
