Wednesday, February 21, 2024

Facebook hit with antitrust charges

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The Federal Trade Commission filed antitrust charges against Facebook, claiming that the social network has been engaged in anti-competitive behavior for years. Regulators want to reverse the company’s Instagram and WhatsApp acquisitions and require approval of future transactions.

While this isn’t the first time Facebook has meddled with the FTC, it is the first time the company has faced antitrust charges from the regulator, which opened an investigation into the company. last year.


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