Facebook Failed Multiple Times To Acquire Competitor

Andrew Harnik/AP FB Facebook-A 276.67 -0.63 (-0.23 %) Disclaimer Get real-time FB charts here " The Federal Trade Commission and attorneys general from 46 states, plus DC and Guam, both filed lawsuits against Facebook on Wednesday. Both suits allege that Facebook broke anti-trust laws and participated in monopolistic behavior by acquiring Instagram and WhatsApp. "Facebook has, for many years, continued to engage in a course of anticompetitive conduct with the aim of suppressing, neutralizing, and deterring serious competitive threats to Facebook," the FTC's suit alleged.