Скачать или смотреть Facebook calls the FTC antitrust lawsuit a 'do-over'

The Federal Trade Commission and a coalition of attorneys general from 48 states and territories filed two separate antitrust lawsuits against Facebook on Wednesday. The suits target two of Facebook’s major acquisitions: Instagram and WhatsApp. CNBC's Ylan Mui reports. Subscribe to CNBC PRO for access to investor and analyst insights on Facebook and more: https://cnb.cx/3dIH56N

The Federal Trade Commission and a coalition of attorneys general from 48 states and territories filed two separate antitrust lawsuits against Facebook on Wednesday. The suits target two of Facebook’s major acquisitions: Instagram and WhatsApp.

Both lawsuits are seeking remedies for the alleged anti-competitive conduct that could result in requiring Facebook to divest the two apps.

The company’s stock was down nearly 2% by Wednesday’s market close.

Facebook pushed back against the lawsuits, calling it “revisionist history” of two major acquisitions the government approved several years ago.

“The most important fact in this case, which the Commission does not mention in its 53-page complaint, is that it cleared these acquisitions years ago,” Facebook’s chief counsel Jennifer Newstead said in a statement. “The government now wants a do-over, sending a chilling warning to American business that no sale is ever final.”

Newstead later published a lengthy blog post elaborating on Facebook’s opposition to the complaint.

The lawsuits focus primarily on Facebook’s history of acquiring or attempting to acquire smaller companies, alleging it used its market power to quash potential competitors before they could turn into true rivals. In addition to the WhatsApp and Instagram acquisitions, the FTC’s lawsuit points to Facebook’s previous attempts to buy other social networking companies like Twitter and Snap.

As a result, Facebook’s acquisition strategy harmed competitors and advertisers that rely on the platform to reach massive audiences with few alternatives to choose from, the lawsuits allege.

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