US Federal regulators have moved to sue Facebook, seeking forced divestment of its Instagram and WhatsApp messaging services.
The anti-trust lawsuits were announced by the Federal Trade Commission and New York Attorney General Letitia James.
“It’s really critically important that we block this predatory acquisition of companies and that we restore confidence to the market,” James said.
The FTC said Facebook has engaged in a “a systematic strategy” to eliminate its competition, including by purchasing smaller up-and-coming rivals like Instagram in 2012 and WhatsApp in 2014.
Facebook is the world’s biggest social network with 2.7 billion users and a company with a market value of nearly $800 billion.