News alert: Federal Trade Commission, 48 attorneys general file antitrust lawsuits against Facebook over Instagram, WhatsApp acquisitions

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News Alert Wednesday, December 9

Federal Trade Commission, 48 attorneys general file antitrust lawsuits against Facebook over Instagram, WhatsApp acquisitions

The Federal Trade Commission filed an antitrust lawsuit against Facebook in what will be one of the most significant legal battles in its 16-year history. At issue are two megadeals, the $1 billion purchase of social media app Instagram in 2012 and the $19 billion purchase of messaging app WhatsApp in 2014 which positioned Facebook to rule the social media landscape.

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News alert: Federal Trade Commission, 48 attorneys general file antitrust lawsuits against Facebook over Instagram, WhatsApp acquisitions

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