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Facebook hit with antitrust suits that seek to ‘unwind’ Instagram, WhatsApp acquisitions

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A consortium of 48 attorneys general and the U.S. government filed antitrust lawsuits against Facebook Inc. on Wednesday, claiming it committed unlawful, anticompetitive acts that put rivals out of business and cemented its status as the pre-eminent social-networking giant.

The states’ suit, spearheaded by New York Attorney General Letitia James, focuses on Facebook’s
FB,
-1.81%

acquisitions of photo-sharing app Instagram and messaging service WhatsApp, and their role in turbocharging Facebook’s market dominance. The suit could force Facebook to divest some of those business, and to inform state AGs of significant merger and acquisition activity…



Source marketwatch.com

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