Facebook hit with blockbuster antitrust lawsuits by FTC, 46 states
(Worthy News) – Facebook got slapped with a pair of blockbuster antitrust lawsuits on Wednesday, as government officials accused the Silicon Valley giant of systematically acquiring smaller rivals in order to prevent them from becoming competitive threats.
Both the Federal Trade Commission and a bipartisan coalition of attorneys general from 46 US states as well as the District of Columbia and Guam are looking to force Facebook to unwind its acquisitions of Instagram and WhatsApp.
The states’ lawsuit led by New York AG Letitia James alleges Facebook pursued two of its biggest acquisitions — a $1 billion purchase of Instagram in 2012 and a $19 billion tie-up with WhatsApp in 2014 — in order to cement its position as the world’s biggest social media platform. [ Source: NY Post (Read More…) ]
Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.
💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.
📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌
Latest Worthy News
Books by George Whitten
Identity in Messiah Revealed https://identityinmessiah.com
A devotional journey calling believers out of self-doubt and into confident, Kingdom-rooted identity in the Messiah.
Get it on Amazon
The Biblical Fall Feasts Revealed https://biblicalfallfeasts.com
An in-depth look at the Biblical fall feasts and their prophetic significance for believers today.
Get it on Amazon