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 โ the sale of Instagram and WhatsApp. On this weekโs Tech Tent we ask whether it is really likely that the social media giantโs 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.
โFor 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,โ she said.
โA key momentโ
Among the remedies the regulators are seeking from the courts for what they describe as Facebookโs โbuy or buryโ strategy towards potential rivals are โthe divestiture or restructuringโฆ
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