US govt, 48 states sue Facebook for abusing power to crush smaller rivals
International

US govt, 48 states sue Facebook for abusing power to crush smaller rivals

By Administrator_India Capital Sands The US government and 48 states have filed parallel lawsuits against Facebook, accusing the social media giant of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors. Soon after the Federal Trade Commission (FTC) and 48 state attorney generals on Wednesday sued the company, Facebook’s shares dropped significantly at […]