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The New York-led U.S. The group of states is investigating Facebook Inc. for a possible antitrust breach and plans to sue the social media giant next week, four sources familiar with the matter said Wednesday.
The complaint will be the second major lawsuit filed against Bigtech this year. The Justice Department sued Alphabet Inc.’s Google in October.
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More than 40 states plan to sign the lawsuit, a source said, without naming names.
Facebook declined to comment. A spokesman for the New York Attorney General’s Office Fees declined to comment.
| Ticker | Security | The last | Change | Change% |
|---|---|---|---|---|
| FB | Facebook INC. | Is 287.52 | +0.97 | + 0.34% |
The Federal Trade Commission, whose commissioners met on Wednesday, can file a related complaint with an administrative law judge or district court.
Zuckerberg claims Facebook denies ‘right-wing echo chamber’
It is unknown at this time what he will do after leaving the post. There has been a recurring allegation on Facebook that it has sought to buy large composite rivals. These include Instagram in 2012 and WhatsApp in 2014.
Facebook chief executive Mark Zuckerberg has argued in congressional testimony that the company has several competitors, including other tech giants. He has defended controversial acquisitions such as Instagram and WhatsApp, saying social media platforms have helped him expand from small, trivial companies to powerhouses.
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The Department of Justice and the FTC launched a no-confidence motion against four major technology companies in 2019, including Amazon.com and ApplePull Inc. Shortly afterwards, attorney generals quickly joined forces to investigate Google and Facebook.
(Reporting by DN Bartz; Editing by Richard Chang)
