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US antitrust siege of tech widens with lawsuits vs Facebook - Black News Channel

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By MARCY GORDON and MICHAEL R. SISAK Associated Press WASHINGTON (AP) — The giant tech companies whose services are woven into the fabric of social life are now the targets of a widening assault by government competition enforcers. Regulators filed landmark antitrust lawsuits Wednesday against Facebook, the second major government offensive this year against once seemingly untouchable tech behemoths. The Federal Trade Commission and 48 states and districts sued the social network giant, accusing it of abusing its market power to squash smaller competitors and seeking remedies that could include a forced spinoff of Facebook's prized Instagram and WhatsApp messaging […]

The post US antitrust siege of tech widens with lawsuits vs Facebook appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
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