Federal Trade Commission was crafting an antitrust case against Facebook.Facebook did not immediately respond to TheWrap’s request for comment.The FTC first started investigating a potential antitrust lawsuit against Facebook in mid-2019, the Times reported.
Thousands of internal documents have been reviewed and interviews with other social media companies, including Snapchat, have taken place, as government officials look into Facebook’s social media dominance, the same report added.Facebook bought Instagram for $1 billion in 2012; two years later, it acquired popular messaging service WhatsApp for $19 billion.
Both deals were approved by the FTC. The company and CEO Mark Zuckerberg have faced increased scrutiny from Washington, D.C.
Read more on thewrap.com
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