Business
US regulators ask for Facebook to divest Instagram and WhatsApp after concerns it abused monopoly – ABC News
United States trade regulators ask for Facebook to be forced to sell its Instagram and WhatsApp messaging services, accusing the company of abusing its market power…
United States trade regulators have asked for Facebook to be forced to sell its Instagram and WhatsApp messaging services, accusing the company of abusing its market power in social networking to crush smaller competitors.
Key points:
- The lawsuit has been filed by the US Government and the majority of US states
- Regulators have accused the Facebook of abusing its monopoly to “crush smaller rivals”
- Facebook says the government actions are “revisionist history” that punishes successful businesses
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