A tough lawsuit tore Facebook’s neck: 48 states and a federal agency turned to the tech company



[ad_1]

Portfolio Signature for Christmas too!

Key analysis and exclusive content under the tree. You can even give someone a last minute gift with a one-year subscription to Portfolio Signature. And if you buy an annual subscription for multiple friends, friends and family at the same time, you can also get a quantity discount. So in addition to being a useful holiday gift, it can even support the production of quality inexpensive content. Know more

The company is under investigation for violating competition rules in connection with the acquisition of Instagram and WhatsApp.

“The lawsuit is a message whose essence is that stifling competition, making it impossible for small businesses, undermining innovation and creativity and violating privacy rights will bring the full force of our offices,” said Letitia James.

Shares of Facebook fell 4% on the news.

Recently, the Office of Justice also filed a lawsuit against Google for its monopoly position on search engines.

By the way, the Russians also went to the company recently, and the company was even banned:

Cover image: Getty Images



[ad_2]