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US govt, states bring antitrust action against Facebook - Black News Channel

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By MARCY GORDON and MICHAEL R. SISAK Associated Press WASHINGTON (AP) — Federal regulators on Wednesday sued Facebook, seeking forced divestment of its Instagram and WhatsApp messaging services. In a separate case, 48 states and districts accused the company of abusing its market power in social networking to crush smaller competitors. The antitrust lawsuits were announced by the Federal Trade Commission and New York Attorney General Letitia James. 'It's really critically important that we block this predatory acquisition of companies and that we restore confidence to the market,' James said during a press conference announcing the lawsuit. The FTC said […]

The post US govt, states bring antitrust action against Facebook appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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