The U.S. government has the power and the responsibility to prevent corporations from becoming monopolies. According to the government, Facebook Inc. (FB) is becoming a social media monopoly. In December 2020, the Federal Trade Commission (FTC) and 46 states sued Facebook, accusing the firm of buying up competitors—chiefly WhatsApp and Instagram—to liquidate competition in the […]The U.S. government has the power and the responsibility to prevent corporations from becoming monopolies. According to the government, Facebook Inc. (FB) is becoming a social media monopoly. In December 2020, the Federal Trade Commission (FTC) and 46 states sued Facebook, accusing the firm of buying up competitors—chiefly WhatsApp and Instagram—to liquidate competition in theRead Morelocal_news
