US Govt, 48 States Sue Facebook For Abusing Market Power To 'Crush' Smaller Competitors

The US government and 48 states have filed parallel lawsuits against Facebook, accusing the social media giant of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors. Soon after the Federal Trade Commission (FTC) and 48 state attorney generals on Wednesday sued the company, Facebook's shares dropped significantly at the stock exchanges.

from Top Business News- News18.com