FTC sues Facebook to divest of WhatsApp and Instagram
Facebook has just been slammed with major lawsuits from 48 state attorneys general and the Federal Trade Commission accusing it of anticompetitive actions.
The FTC and the state attorneys general on Wednesday filed antitrust lawsuits against Facebook, which centered around the company's acquisition of Instagram and WhatsApp and asked the court to potentially require they be sold, The Washington Post reports.
The FTC accused Facebook of "a years-long course of anticompetitive conduct," alleging its acquisitions of WhatsApp and Instagram were part of a "systematic strategy" to "eliminate threats to its monopoly." The agency said it's seeking a court injunction that could "require divestitures of assets, including Instagram and WhatsApp." This would amount to "effectively breaking up Facebook as we know it," CNN notes.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"Our aim is to roll back Facebook's anticompetitive conduct and restore competition so that innovation and free competition can thrive," said Ian Conner, director of the FTC's Bureau of Competition.
A lawsuit brought by 48 state attorneys general and led by New York Attorney General Letitia James also accused Facebook of having "illegally acquired competitors in a predatory manner." This lawsuit is asking the court to "provide any additional relief it determines is appropriate, including the divestiture or restructuring of illegally acquired companies," a statement from James said.
These lawsuits, the Post wrote, present "the most significant political and legal threats to Facebook in its roughly 17-year history." Facebook in a statement said, "Years after the FTC cleared our acquisitions, the government now wants a do-over with no regard for the impact that precedent would have on the broader business community or the people who choose our products every day."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.
-
Women are getting their own baseball league again
In the Spotlight The league is on track to debut in 2026
By Justin Klawans, The Week US Published
-
Giant TVs are becoming the next big retail commodity
Under the Radar Some manufacturers are introducing TVs over 8 feet long
By Justin Klawans, The Week US Published
-
When will mortgage rates finally start coming down?
The Explainer Much to potential homebuyers' chagrin, mortgage rates are still elevated
By Becca Stanek, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published