Remove 2012 Remove Federal Trade Commission Remove Request for Comment
article thumbnail

DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

PYMNTS

Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. The document was prepared by Facebook staff based on work it commissioned from lawyers at Sidley Austin, a Chicago-based law firm, and reviewed by WSJ.

article thumbnail

Advocacy Groups Call On FTC To Break Up Facebook

PYMNTS

Facebook is facing breakup calls from a handful of advocacy groups that want the Federal Trade Commission to explore breaking up the social media giant. The paper noted that the FTC, which has been shut down along with other parts of the government, didn’t respond to a request for comment.

FTC 46