WASHINGTON: A group of US states led by New York is investigating Facebook Inc. The investigation is held on possible antitrust violations Facebook is doing.
The US states plan to file a lawsuit against the social media giant next week, four sources familiar with the matter said on Wednesday. The complaint would be the second major lawsuit filed against a Big Tech company this year. Recently, the Justice Department sued Alphabet Inc's Google in October. More than 40 states plan to sign on to this lawsuit, according to a source stated, without naming them. Facebook declined to comment anything for now and decides to stay quiet. The Federal Trade Commission could file a related complaint with an administrative law judge or in district court after the meeting held on Wednesday.
It is still not known what the states plan to include in their complaint. One allegation often made against Facebook is that it has strategically sought to buy small potential rivals, often at a big premium. These include Instagram in 2012 and WhatsApp in 2014.