Socialise Big Tech
On Wednesday 9 December, the Federal Trade Commission and forty-eight states and territories sued Facebook for its illegal social networking monopoly after an extensive investigation. The antitrust action seeks to break up the company by forcing it to divest two of its major business lines, Instagram and WhatsApp.
This latest event comes hot on the heels of October’s historic investigation by the House Judiciary Committee—which detailed how dominant platform companies monopolise markets, abuse their power, and explicitly and purposely violate laws and regulations—and another lawsuit by the Department of Justice against Google for illegal anticompetitive actions protecting its search and advertising monopolies.