Facebook Faces Most Serious Breakup Threat Yet From Lawsuits

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The twin lawsuits filed against Facebook this week by the government and more than 40 attorneys general are the most serious effort to break the social media giant up to date.

The cases, which differ slightly, focus on the allegation that Facebook made acquisitions in an effort to decrease competition in the social network marketplace and ultimately worsened the quality of options available to consumers.

The Federal Trade Commission and 48 state and territory attorneys general propose a solution to that issue: divestiture.

Specifically, they ask for judges to spin off the photo-sharing app Instagram and the messenger service Whatsapp, which were acquired in 2012 and 2014 respectively.

Read more at The Hill.

{Matzav.com}


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