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US govt, states bring antitrust action against Facebook
Federal regulators have asked for Facebook to be ordered to divest its Instagram and WhatsApp messaging services as the US government and 48 states and districts accused the company of abusing its market power in social networking to crush smaller competitors.
By
migrator
migrator
Washington
The antitrust lawsuits were announced on Wednesday 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.
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