FTC says Facebook 'bought and buried' rivals in renewed antitrust fight
The Hindu
The agency also repeated its request that the court order Facebook to sell Instagram, which it bought in 2012 for $1 billion, and WhatsApp, which it bought in 2014 for $19 billion.
The U.S. Federal Trade Commission refreshed its antitrust case against Facebook Thursday, adding more detail on the accusation the social media company crushed or bought rivals and once again asking a judge to force the social media giant to sell Instagram and WhatsApp. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) At 80 pages, the new complaint is significantly longer than the original, 53-page complaint and includes additional data and evidence intended to support the FTC's contention that Facebook is a monopolist. An expanded portion of the complaint argues that Facebook dominates the U.S. personal social networking market.
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