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FTC lawsuit seeks to force Facebook to sell Instagram and WhatsApp

20/08/2021

Facebook’s “special announcement” of a new VR meeting app was curiously timed. It arrived on the same day that the Federal Trade Commission made a fresh attempt to force the company to sell Instagram and WhatsApp. The FTC filed an antitrust complaint on Thursday that alleges Facebook used an illegal...
Facebook’s “special announcement” of a new VR meeting app was curiously timed. It arrived on the same day that the Federal Trade Commission made a fresh attempt to force the company to sell Instagram and WhatsApp. The FTC filed an antitrust complaint on Thursday that alleges Facebook used an illegal buy-or-bury scheme to maintain its market dominance. The US competition regulator argues that Facebook repeatedly failed to develop meaningful innovations on its mobile app. Instead, it acquired competitors, including Instagram and WhatsApp, with features that had succeeded where Facebook’s own attempts had failed. The FTC further alleges that Facebook lured app developers to the platform and buried…This story continues at The Next Web
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