In a landmark lawsuit, US regulators have accused Facebook of buying up rivals in order to stifle competition.
They have made it clear they will seek a drastic remedy – the sale of Instagram and WhatsApp. On this week’s Tech Tent we ask whether it is really likely that the social media giant’s empire will be dismantled.
New York Attorney General Letitia James could hardly have been clearer in her denunciation as she outlined the case she and more than 45 other state and federal regulators are bringing against Facebook.
“For nearly a decade, Facebook has used its dominance and monopoly power to crush smaller rivals, and snuff out competition, all at the expense of everyday users,” she said.
‘A key moment’
Among the remedies the regulators are seeking from the courts for what they describe as Facebook’s “buy or bury” strategy towards potential rivals are “the divestiture or restructuring…
View original post 537 more words