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FTC and States Sue Facebook, Could Force It to Divest Instagram and WhatsApp

December 10, 2020 by Staff

The Federal Trade Commission and a coalition of attorneys general from 48 states and territories filed two separate antitrust lawsuits against Facebook on Wednesday. The suits target two of Facebook’s major acquisitions: Instagram and WhatsApp.

Both lawsuits are seeking remedies for the alleged anti-competitive conduct that could result in requiring Facebook to divest the two apps.

The company’s stock was down nearly 2% by Wednesday’s market close.

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Filed Under: Tech & Science

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