Ftc Lawsuit Seeks To Force Facebook 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 them when they became competitive threats....