Facebook faces US lawsuits that could force sale of Instagram, WhatsApp - News Summed Up

Facebook faces US lawsuits that could force sale of Instagram, WhatsApp


File photo: Facebook logos are seen on a screen in this picture illustration taken December 2, 2019. The complaints on Wednesday accuse Facebook of buying up rivals, focusing specifically on its previous acquisitions of photo-sharing app Instagram for $1 billion in 2012 and messaging app WhatsApp for $19 billion in 2014. Also read: Australia to make Facebook, Google pay news outlets for contentJames said the company acquired rivals before they could threaten the company’s dominance. “The government now wants a do-over, sending a chilling warning to American business that no sale is ever final,” Newstead said. File photo: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, US, October 23, 2019.


Source: Dhaka Tribune December 10, 2020 02:40 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */