Facebook, owned by Mark Zuckerberg, is one of the most prominent and widely used platforms of social media with billions of users. The company has users from every part of the world who can easily connect with their family and friends from other countries. The platform has provided the best and most convenient ways of staying in touch with your loved ones. A few years back, Facebook acquired Instagram and WhatsApp in 2012 and 2014, respectively. Since the day, the social media giant invested billions of dollars on both the platforms to make them what they are right now and continues to spend more on it to make it as better as possible.
Facebook is having a rough time in the USA as the government has clamped down “big tech” in the country, and on Wednesday, the Federal Trade and Commission sued Facebook. FTC states that the company had been creating personal social media monopoly that too illegally for several years. A broad investigation was conducted against Facebook for which 46 states cooperated, and the results by FTC concluded that Facebook is suppressing the social media competition by acquiring big companies.
Infographic by: Statista.com
