Facebook was dragged to court by Forty-eight states in the U.S. for alleged anti-competitive practices to perpetuate its monopoly, which could force the sale of Instagram, WhatsApp.
The suit was confirmed by New York’s Attorney General, Letitia James, on Wednesday, hours after the U.S. Federal Trade Commission (FTC) announced a similar but separate suit against the company.
The FTC said in a statement that it would seek an injunction that “could, among other things: require divestitures of assets, including Instagram and WhatsApp.”
James alleged that Facebook had used its “dominance and monopoly power” to stifle smaller rivals and “snuff out competition” for nearly 10 years.
The attorney general stated that everyday social media users were the ultimate losers
“Today, we are taking action to stand up for the millions of consumers and many small businesses that have been harmed by Facebook’s illegal behaviour.
“Facebook used its power to suppress competition so it could take advantage of users and make billions by converting personal data into a cash cow,” she alleged.
James added that the company’s action was so illegal and harmful that almost every state in the country had joined the bipartisan lawsuit.
Also in a statement, the FTC Director, Ian Conner, said the commission’s action was prompted by the company’s years of illegal maintenance of its monopoly through anti-competitive practices
“Personal social networking is central to the lives of millions of Americans.
“Facebook’s actions to entrench and maintain its monopoly deny consumers the benefits of competition.
“Our aim is to roll back Facebook’s anticompetitive conduct and restore competition so that innovation and free competition can thrive,” Conner said.
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