Feds, States Sue to Break Up Facebook. By Zachary Evans.
The Federal Trade Commission and 48 state attorneys general filed an antitrust lawsuit against Facebook on Wednesday, which, if successful, could lead to the first court-ordered breakup of a U.S. corporation in a decade.
The lawsuit claims that Facebook has engaged in anticompetitive practices and attempted to stymie or gain control over rivals to monopolize its social media network. In particular, the suit seeks to end Facebook’s control over WhatsApp and Instagram. …
“Facebook has used its monopoly power to crush smaller rivals and snuff out competition, all at the expense of everyday users. Instead of improving its own product, Facebook took advantage of consumers and made billions of dollars converting their personal data into a cash cow,” [New York attorney general Letitia James] wrote. “Efforts to stifle competition, reduce innovation, or cut privacy protections will be met with the full force of almost every attorney general’s office in the nation.”
Couldn’t happen to a more deserving bunch.