FTC Sues Facebook for Illegal Monopolization
Charges filed today against facebook alleged the company of “illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct”. The FTC has been pursuing this for some time. “Following a lengthy investigation in cooperation with a coalition of attorneys general of 46 states, the District of Columbia, and Guam, the complaint alleges that Facebook has engaged in a systematic strategy—including its 2012 acquisition of up-and-coming rival Instagram, its 2014 acquisition of the mobile messaging app WhatsApp, and the imposition of anticompetitive conditions on software developers—to eliminate threats to its monopoly. This course of conduct harms competition, leaves consumers with few choices for personal social networking, and deprives advertisers of the benefits of competition.”
Read the full article on the FTC site.