U.S. gov't, states sue Facebook over anticompetitive conduct

The U.S. antitrust watchdog and dozens of states on Wednesday sued Facebook Inc., alleging that the company has illegally maintained its social networking monopoly through anticompetitive acquisitions and actions that target potential and nascent rivals.The Federal Trade Commission argued in the complaint the social media giant's acquisitions of Instagram and WhatsApp were part of its "systematic strategy" to eliminate threats to its monopoly and said it is seeking court actions that could lead to the forced sale of the photo-sharing and mobile messaging apps."Today's enforcement action aim…READ FULL ARTICLE