On Wednesday, the Federal Trade Commission and 48 state attorneys general launched twin lawsuits against Facebook for alleged antitrust violations. New York Attorney General Letitia James, who leads the coalition of states suing Facebook, released a statement: “Facebook has used its monopoly power to crush smaller rivals and snuff out competition, all at the expense of everyday users.”
Facebook responded to the FTC suit: “Years after the FTC cleared our acquisitions, the government now wants a do-over with no regard for the impact that precedent would have on the … business community or the people who choose our products every day.”
