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The US Federal Trade Commission has filed a lawsuit for monopolistic practices against Facebook.
The FTC is requiring Zuckerberg’s company, among other things, to divest itself of two of its social networks acquired in recent years: Instagram and WhatsApp. According to the director of the FTC’s Competition Office, Ian Conner, “the goal is to reverse Facebook’s anti-competitive behavior and restore competition so that innovation and free enterprise can thrive.
The truth is that Facebook bought these companies so they would not compete against it, Instagram in 2012 and WhatsApp in 2014, which according to the FTC’s demand were potential rivals for Facebook until they were acquired by their parent company.