2020-12-09T20:43:39+00:00

The U.S. government, 48 states sue Facebook, could force the company to divest Instagram and WhatsApp

Facebook Credit: Illustration: Pendect, Ashley Winkler. (Creative Commons Attribution ShareAlike 4.0)

The Federal Trade Commission (FTC) 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 the companies major acquisitions: Instagram and WhatsApp.

The antitrust lawsuits were announced by the Federal Trade Commission and New York Attorney General Letitia James.

"It’s really critically important that we block this predatory acquisition of companies and that we restore confidence to the market," James said during a press conference announcing the lawsuit.

Sources: Content Sources

Source: CNBC

Source: CNN

Source: Associated Press

Image Source

Illustration: Pendect, Ashley Winkler. (Creative Commons Attribution ShareAlike 4.0)

Pentributor:

Érico Andrei

@ericof

Co-founder of Pendect, passionate about open source and knowledge sharing. Made in Mooca.

Card reviewed by: @christoph

Categorization:

Organizations & Institutions

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