#FTC announces lawsuit against Facebook for ‘illegal monopolization’

#FTC announces lawsuit against Facebook for ‘illegal monopolization’

“#FTC announces lawsuit against Facebook for ‘illegal monopolization’” The US Federal Trade Commission (FTC) today announced its lawsuit against Facebook alleging the company has formed an illegal monopoly based on anticompetitive practices. According to a notice from the FTC, the suit involves the company’s Instagram, Messenger, and WhatsApp services as well as Facebook‘s alleged imposition…

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# German government unimpressed by Facebook stablecoin’s rebrand

# German government unimpressed by Facebook stablecoin’s rebrand

“# German government unimpressed by Facebook stablecoin’s rebrand ” Facebook’s Diem stablecoin, which recently changed its name from Libra, is still failing to impress German regulators. As reported by Reuters,  German Finance Minister Olaf Scholz voiced his criticism of the project on Monday after a conference between G-7 finance ministers and central bank directors. Scholz called Facebook’s…

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