According to people familiar with the matter, the US Federal Trade Commission is preparing to file an antitrust lawsuit against Facebook by the end of the year, which will challenge the company’s dominance in social media. Before preparing for the lawsuit, FTC spent more than a year investigating concerns that Facebook was using its strong market position to stifle competition. U.S. antitrust agencies are currently reviewing the anticompetitive practices of a few dominant technology companies. The FTC has yet to make a final decision on whether to sue Facebook, according to people familiar with the matter. Facebook is still appealing to the committee, although the investigation is at an advanced stage, and its staff’s recent efforts include hearing the testimony of its chief executive, Mark Zuckerberg. < / P > < p > the FTC is composed of five members and requires a majority vote to support litigation. The details of the legal theory that FTC may raise in the Facebook lawsuit are unclear, but there have been reports that one of the focus of its investigation is Facebook’s past acquisitions of potential competitors. According to people familiar with the matter, Facebook has argued that its acquisition is not anti competitive and improves the product and user experience. If it loses, FTC can seek a series of remedial measures aimed at promoting competition with Facebook, including restricting the company’s way of operation or divesting part of its business. (small) < A= https://ibmwl.com/category/global-tech/ target=_ blank>Global Tech