The Federal Trade Commission has filed an amended antitrust lawsuit against Facebook alleging social media monopolization nearly two months after an initial complaint against the company was tossed.
The FTC voted 3-2 to move forward with the amended lawsuit, which claims that the social media giant sought to cut out its competition by buying up social media rivals, such as Instagram, which it acquired for $1 billion in 2012, and WhatsApp, which it purchased for $19 billion in 2014. It also claims Facebook anti-competitively denied third-party apps access to its platform.
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