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December 9, 2020 09:10 pm GMT

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…

Original Link: https://www.technologyreview.com/2020/12/09/1013641/facebook-should-be-broken-up-says-us-government/

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