Friday, May 3
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Facebook hit with blockbuster antitrust lawsuits by FTC, 46 states | New York Post

Facebook got slapped with a pair of blockbuster antitrust lawsuits on Wednesday, as government officials accused the Silicon Valley giant of systematically acquiring smaller rivals in order to prevent them from becoming competitive threats.

Both the Federal Trade Commission and a bipartisan coalition of attorneys general from 46 US states as well as the District of Columbia and Guam are looking to force Facebook to unwind its acquisitions of Instagram and WhatsApp.

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