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More than 40 states to join antitrust lawsuit against Facebook: Report

By Michael Lee
Published December 3, 2020 6:01pm ET
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More than 40 states to join antitrust lawsuit against Facebook: Report
Facebook CEO Mark Zuckerberg arrives on Capitol Hill in Washington, Monday, April 9, 2018, to meet with Sen. Bill Nelson, D-Fla., the ranking member of the Senate Commerce Committee. Zuckerberg will testify Tuesday before a joint hearing of the Commerce and Judiciary Committees about the use of Facebook data to target American voters in the 2016 election. | (AP Photo/J. Scott Applewhite)

More than 40 states apparently plan to sign on to a New York-led antitrust lawsuit against Facebook.

While it is not known what antitrust violations they plan to include, according to CNBC, one allegation frequently made is that Facebook has strategically bought out small potential rivals at large prices to protect their grasp on the social media market. Some of those purchases include Instagram in 2012 and WhatsApp in 2014.

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Antitrust Facebook FTC Law Mark Zuckerberg New York Social Media