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FTC and 48 States Sue Facebook, Seeking to Force Divestiture of Instagram, WhatsApp
Todd Spangler NY Digital EditorFacebook illegally acquired competitors Instagram and WhatsApp in a blatant abuse of its monopoly power, a lawsuit filed Wednesday by the FTC in coordination with 48 state attorneys alleges. The suit seeks to force Facebook to divest Instagram and WhatsApp.The lawsuits alleged that Facebook has maintained a monopoly over the social-networking market and has earned billions of dollars from advertising as a result.
