Facebook hit with competition lawsuit in US – New York AG to make big announcement

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The states and the US Federal Trade Commission are to file a lawsuit on Wednesday accusing Facebook Inc of breaking the law. The FTC said in a statement that it would seek an injunction that “could, among other things: require divestitures of assets, including Instagram and WhatsApp.”

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The lawsuit will be filed in federal court in Washington, according to a source close to the matter.

The US Federal Trade Commission has been probing Facebook, as have state attorneys general.

More than 40 are expected to join the lawsuit.

If the lawsuits are filed, Facebook would be the second major tech company sued this year.

In October the Justice Department sued Alphabet Inc’s Google.

This is a breaking news story…. More to follow….

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