48 Attorney Generals, FTC Sue Facebook, Alleging Illegal Power Grabs To ‘Neutralize’ Rivals

Attorneys general from 46 states, the District of Columbia and Guam as well as the Federal Trade Commission filed much-anticipated lawsuits against Facebook on Wednesday. The suits accuse the social network of abusing its online dominance by gobbling up competitive threats that served to entrench the platform so deeply into the lives of billions of people that rivals could no longer put up a fight. “For nearly a decade Facebook has used its dominance and monopoly power to crush smaller rivals and snuff out competition, all at the expense of everyday users,” New York Attorney General Letitia James said. The states’ lawsuit takes particular aim at Facebook’s blockbuster acquisitions of photo-sharing app Instagram and messaging app WhatsApp, posing a historic threat to Facebook’s grip on the two hugely popular properties the social network controls.

RELATED: How Facebook Spread Out With Deals for WhatsApp, Instagram and Others

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s