Business
Facebook allegedly crossed a line in buying up the competition
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
After paying a record $5 billion fine to the Federal Trade Commission last year to settle allegations that Facebook Inc (NASDAQ: FB) violated user privacy, the social media juggernaut is now in hot water with the regulatory agency yet again. But things are even more serious this time around, with a coalition of 46 attorneys general joining forces with the FTC to file two separate lawsuits against Facebook for alleged violations of antitrust laws.
These are extremely serious charges, and Facebook is now facing substantial regulatory risks as the prosecutors call to break up the company.
But his emails
Facebook has a long…
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