Technology,
Corporate,
Antitrust & Trade Reg.
Dec. 10, 2020
Facebook suits could mean 1st forced breakup in 100 years
While Facebook has long maintained its acquisitions of Instagram and WhatsApp were not anticompetitive, a coalition of 48 state attorneys general, including Xavier Becerra of California, and the Federal Trade Commission alleged that the tech giant stifled competition by illegally collecting consumer data to identify and purchase emerging rivals.
Courts have typically balked at forcing companies to split, but antitrust lawsuits from state and federal officials filed Wednesday against Facebook might lead to the first order to breakup an entity in more than 100 years.
While Facebook has long maintained its acquisitions of Instagram and WhatsApp were not anticompetitive, a coalition of 48 state attorneys general, including Xavier Becerra of California, and the Federal Trade Com...
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