Facebook said in a second filing that a recent Supreme Court ruling meant the FTC lawsuit against it calling for the sale of WhatsApp and Instagram should be dismissed. The company argued that the high court ruling allows the FTC to use a particular section of the FTC Act only to demand that behavior stop.
The FTC and a big group of states filed separate lawsuits last year that accused Facebook of breaking antitrust law to keep smaller competitors at bay by snapping up rivals, such as its 2012 acquisition of Instagram for $1 billion and of WhatsApp in 2014 for $19 billion.
All told, the federal government and states filed five lawsuits against Facebook and Alphabet Inc's Google last year following bipartisan outrage over use and misuse of social media clout both in the economy and the political sphere.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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