The US Federal Trade Commission (FTC) has slapped Facebook with an antitrust suit, arguing the firm has become a “monopoly” that buys up rival companies when it can’t compete “fairly” in order to retain market dominance. The FTC filed its complaint on Thursday, accusing Facebook of underhanded and monopolistic business practices while calling to break up the company to “restore competition” and “remedy the harm” caused by its “anticompetitive conduct.” “Facebook lacked the business acumen and technical talent to survive the transition to mobile. After failing to compete with new innovators, Facebook illegally bought or buried them when
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