The Feds Come for Facebook SHARE
Facebook is under assault again, this time for real. The Federal Trade Commission and 46 states have filed an antitrust case to make the company divest itself of Instagram and WhatsApp and submit to restrictions on its future acquisitions and deals.
How many times have I seen this story play out as West Coast tech companies find themselves suddenly facing unwanted attention from Washington? It was bad enough that congressional committees kept summoning founder Mark Zuckerberg to hearings, both in‐person and virtually, forcing him to trade his T‐shirt and hoodie for a suit and tie.