Out of context: Reply #271
- Started
- Last post
- 419 Responses
- grafician0
"Facebook must be broken up, the US government says in a groundbreaking lawsuit"
"Dozens of states and the federal government sued Facebook (FB) on Wednesday in twin antitrust lawsuits, alleging that the social media giant has abused its dominance in the digital marketplace and engaged in anticompetitive behavior.
The Federal Trade Commission, in particular, is seeking a permanent injunction in federal court that could, among other things, require the company to divest assets, including Instagram and WhatsApp, effectively breaking up Facebook as we know it. The agency also wants to require Facebook to seek prior notice and approval for future mergers and acquisitions.
"Personal social networking is central to the lives of millions of Americans," said Ian Conner, Director of the FTC's Bureau of Competition, in a statement. "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.""- I would personally love to Facebook go belly up. Fuck Zuck, Facebook and their Fake News.utopian
- Yup, fuck Facebookbabydick
- So if they split Facebook, what company will Zuck be CEO of? The "old" Facebook? Hahahaha deservedgrafician
- also he will own only Fb stock? Instagram and Whatsapp will get IPOs? interesting timesgrafician