The US Federal Trade Commission (FTC) today announced its lawsuit against Facebook alleging the company has formed an illegal monopoly based on anticompetitive practices. According to a notice from the FTC, the suit involves the company’s Instagram, Messenger, and WhatsApp services as well as Facebook‘s alleged imposition of anti-competitive practices on software developers. The notice goes on to state that the US government seeks an injunction that would force the company to divest from those and potentially other properties and prevent Facebook from acquiring new companies without federal permission. Per the FTC statement: Following a lengthy investigation in cooperation with… This story continues at The Next WebOr just read more coverage about: Facebook
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