FTC sues Facebook for illegal monopolization

Facebook sued by US a group of states

FTC sues Facebook for legal monopolization:

  • Facebook had systematic strategy to eliminate threats
  • New York Atty. Gen. says will leading monopoly lawsuit against Facebook
  • sued by US and group of states
  • FTC seeks permanent injunction to require Facebook divestitures
  • California Atty. Gen. sues Facebook for monopolistic behavior

Facebook shares are trading down $8.55 or -3.02% to $274.59. The NASDAQ index is trading down -235 points or -1.87%.

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