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US regulators ask for Facebook to divest Instagram and WhatsApp after accusations of abuse of monopoly
United States trade regulators have asked for Facebook to be ordered to divest its Instagram and WhatsApp messaging services, accusing the company of abusing its market power in social networking to crush smaller competitors.
In a lawsuit, the Federal Trade Commission is seeking the separation of the services from Facebook, saying Facebook has engaged in “a systematic strategy” to eliminate its competition, including by purchasing smaller up-and-coming rivals like Instagram in 2012 and WhatsApp in 2014.
The antitrust lawsuits were announced by the Federal Trade Commission and New York Attorney-General Letitia James.
Ms James said in a press conference that Facebook “used its monopoly power to crush smaller rivals and snuff out…
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