FTC Claims Facebook's Acquisition of WhatsApp and Instagram Were Anti-Competitive

The Federal Trade Commission has filed a new antitrust lawsuit against Facebook claiming that it behaved in a monopolizing manner.According to a new report from Tech Crunch, both the FTC and various attorneys general have filed two individual but similar suits at the federal and state levels regarding the same matter. Both allege that Facebook's acquisition of WhatsApp and Instagram fall under monopolizing and anti-competitive behavior by effectively shutting down nascent competitors, and that t...