Facebook is now officially too powerful, says the US government
What happened: The US Federal Trade Commission has filed an antitrust lawsuit against Facebook for its “anticompetitive conduct and unfair methods of competition.” That includes its 2012 acquisition of Instagram and 2014 acquisition of WhatsApp. Facebook, the FTC alleges, has a monopoly on social networking. “Since toppling early rival MySpace and achieving monopoly power, Facebook…
9 Dec 2020 ... Facebook, the FTC alleges, has a monopoly on social networking. ... Facebook is now officially too powerful, says the US government. Regulators ... Instead, it has been plagued by problems and abandoned by most states.