The Attorney General Letitia James of the Federal Trade Commission recently declared a new antitrust lawsuit upon Facebook. This lawsuit clearly justifies that the social network has applied the monopoly power to defeat, compensate, and confusing all dangerous competitive threats.
This lawsuit has been investigated along with the 48 attorney generals. After the investigation, the attorneys asserted that this complaint claims that Facebook has joined a systematic strategy.
This includes its 2012 takeover of up-and-coming rival Instagram, its 2014 purchase of the mobile messaging app WhatsApp, and the impediment of anticompetitive limitations on software developers so that they can eliminate threats or competitors.
However, this policy harms the competition, transmits consumers with few opportunities for personal social networking, and strips advertisers of the advantages of competition.
The director of the FTC’s Bureau of Competition, Ian Conner, said that “Personal social…