Duke Nukem
Hail to the king baby
Facebook hit with blockbuster antitrust lawsuits by FTC, 46 states
The lawsuit alleges Facebook pursued two of its biggest acquisitions — a $1 billion purchase of Instagram in 2012 and a $19 billion tie-up with WhatsApp in 2014 — in order to cement its position as…
nypost.com
The states’ lawsuit led by New York AG Letitia James alleges Facebook pursued two of its biggest acquisitions — a $1 billion purchase of Instagram in 2012 and a $19 billion tie-up with WhatsApp in 2014 — in order to cement its position as the world’s biggest social media platform.
The lawsuit cites a 2008 email from Mark Zuckerberg where the then-24-year-old CEO said “it is better to buy than compete,” and notes that the company also looked into acquiring rivals Twitter and Snapchat.
“By using its vast troves of data or money, Facebook has squashed or hindered what the company perceived as potential threats,” James said in a Wednesday statement that made the allegations public.
Time for Zuck to get cucked.