Facebook may be forced to sell its WhatsApp and instagram assets after the Federal Trade Commission (FTC) and prosecutors in almost all US States filed lawsuits against the social media giant on Wednesday, claiming that the company’s purchase of WhatsApp and instagram was unfair and eventually led to consumption The damage was received. < / P > < p > this means that Facebook is the second large technology company to face significant judicial challenges this year, following the US Department of justice’s accusation in October that Google, a company owned by alphabet, used its dominant market position to eliminate competitors. < / P > < p > the successive lawsuits against Google and Facebook show that the United States and Republican Ri Yi have reached a consensus to seek to hold large technology companies accountable for their business practices. The two lawsuits filed on Wednesday accused Facebook of buying rivals, particularly instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014. Federal and state regulators say the acquisitions should be withdrawn. < p > < p > the Federal Trade Commission said in a statement on Wednesday that the commission would seek to obtain an injunction, which may include requiring Facebook to divest assets including instagram and WhatsApp. Meanwhile, a coalition of state attorneys general of 46 states, Washington, D.C., and Guam filed a lawsuit in the hope that the court would rule that Facebook’s acquisition of instagram and WhatsApp was illegal. Only Alabama, Georgia, South Carolina and South Dakota were not involved in the lawsuit. “For nearly a decade, Facebook has been using its dominance and monopoly to crush smaller rivals to stifle competition at the expense of ordinary users,” said Letitia James, New York’s attorney general < p > < p > James said Facebook acquired the company before competitors could threaten its dominance. She added that states would cooperate with the FTC in the litigation process. Facebook said it was evaluating the two antitrust lawsuits initiated by the Federal Trade Commission and the state attorneys general, and said that the government “now wants to overturn the case without considering the impact of this precedent on the business community as a whole or the users who choose our products every day.”. Earlier, the Federal Trade Commission approved Facebook’s acquisition of instagram and WhatsApp. < p > < p > according to leaked recordings of Facebook’s internal meetings, CEO Mark Zuckerberg told employees in July that Facebook would “spare no effort” to confront the judicial challenge aimed at splitting the company, calling it a “life and death” threat. < p > < p > since Microsoft was sued in 1998, the lawsuit against Facebook is the largest anti-monopoly case in more than 20 years. In the antitrust case of Microsoft, the U.S. federal government finally reached a settlement with the company. However, years of court litigation and protracted anti-monopoly review led to Microsoft’s inability to crack down on its competitors, clearing the way for the explosive growth of the Internet. < / P > < p > Facebook said last month that it was buying kustomer, a customer service start-up, when it was reported that the deal valued the latter at $1 billion. In addition, Facebook acquired giphy, an animation and image sharing platform, in May, a deal that triggered an investigation by UK competition regulators. < / P > < p > since last year, the Federal Trade Commission and state prosecutors led by New York Attorney General Leticia James have been investigating Facebook. Facebook’s past acquisitions of instagram and WhatsApp have long been seen by law enforcement advocates as one of the sources of additional scrutiny. < / P > < p > this summer, the house justice committee released anti trust investigation documents against Facebook, which revealed the company’s internal thinking about its acquisition strategy. Internal communications show that Facebook felt the threat of instagram’s growing growth before acquiring instagram, and instagram’s co-founder worried that if he refused to sell the company, Facebook CEO Mark Zuckerberg would choose to “start the destruction mode.”. The report shows that the number of app store purchases soared in the first half of this year due to the impact of covid-19

By ibmwl