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FTC requests Facebook sell WhatsApp and Instagram in major antitrust case

The US Federal Trade Commission has re-filed its complaint against Facebook, arguing that the company should be broken up and forced to sell Instagram and WhatsApp.


The revised complaint argues that Facebook has a monopoly over social networking in the US and argues that Facebook has looked to make it difficult for other companies to compete.


The complaint is partly redacted, and the FTC’s filing asks that it is sealed for 10 days.


The new case comes amid mounting scrutiny over the size and power of Facebook’s empire and how it has bought up competitors as they have grown.


The case makes reference to an email from Mark Zuckerberg, sent in 2008, in which he said “it is better to buy than compete”. The FTC’s lawyers argue that Facebook has acted in accordance with that strategy, tracking its rivals and buying them when they become big enough to be threats.


source- https://www.independent.co.uk/life-style/gadgets-and-tech/facebook-ftc-whatsapp-instagram-antitrust-b1905429.html

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