Federal Government, Collection Of States, File Twin Lawsuits Against Facebook

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) Pixabay Stock Image.WASHINGTON – After years of government scrutiny, Facebook is now facing two massive anti-trust lawsuits and a possible split-up.One lawsuit, filed by the Federal Trade Commission, could break up the company by forcing it to sell Instagram and What’s App.The second, filed by more than 40 state Attorneys General, seeks to require Facebook to give notification of future acquisitions valued at $10 million or more.Both suits accuse Facebook of abusing its dominance in the digital marketplace and engaging in anti-competitive behavior. Facebook responded to the lawsuits in a post, saying the FTC already approved all of its acquisitions, but now wants a do-over.last_img

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