FILE- (Photo by Filip Radwanski / SOPA Images/Sipa USA)
WASHINGTON (AP) — Federal regulators on Wednesday sued to force a breakup of Facebook. This as 48 states and districts accused the company in a separate suit of abusing its market power in social networking to crush smaller competitors.
The antitrust lawsuits were announced by the Federal Trade Commission and New York Attorney General Letitia James.
Facebook is the world’s biggest social network with 2.7 billion users and a company with a market value of nearly $800 billion whose CEO Mark Zuckerberg is the world’s fifth-richest individual and the most public face of Big Tech swagger.
Facebook did not have immediate comment.
