No wonder Silicon Valley was so willing to break the law in order to try to dethrone the God-Emperor. They know they won’t be permitted to keep parasitizing the real US economy much longer.
Forty-six states and the Federal Trade Commission have filed massive antitrust lawsuits against Facebook, seeking to force the company to divest major acquisitions such as Instagram and WhatsApp.
One suit filed on Wednesday in U.S. District Court for the District of Columbia is spearheaded by New York Attorney General Letitia James, leading a coalition of 46 states as well as Washington DC and Guam.
The lawsuit alleges that, over the last decade, Facebook illegally acquired potential competitors in a ‘predatory’ manner in order to dominate the market, and asks the court to consider splitting up the company by unwinding those deals.
That’s great, but I’d rather see the FTC ditch Section 230, then break up the online advertising duopoly of Facebook and Google.