The FTC is suing to dismantle Facebook

The US Federal Trade Commission has it She filed a lawsuit against Facebook Claiming that the social media giant “engaged in a systematic strategy” to maintain its monopoly by eliminating competitors. The Federal Trade Commission cited the Facebook acquisition of Instagram in 2012, the acquisition of WhatsApp in 2014, and the “imposition of anti-competitive conditions on software developers” as evidence for its claim, which follows an investigation conducted in conjunction with state prosecutors in 46 states, as well as District of Columbia and Guam.

The lawsuit alleges that when Instagram first appeared on the scene “at a critical time in a personal social networking competition,” Facebook initially tried to compete with it on the basis of merit. However, it ultimately decided it would be easier to buy it right away, which it did in April 2012 for $ 1 billion, a move the FTC said neutralized the immediate threat and made it harder for other competitors to gain.

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