The bombshell antitrust investigation into Facebook will focus on its core business

Facebook announced Wednesday that it's the subject of a Federal Trade Commission antitrust investigation. An anonymous source told Bloomberg the probe will center on Facebook's core business — social media. According to the source, the FTC has already reached out to third-parties for help understanding the competitive dynamics of social media. Visit Business Insider's homepage for more stories.

Facebook announced Wednesday that it's the subject of a Federal Trade Commission antitrust investigation. An anonymous source told Bloomberg the probe will center on Facebook's core business — social media. According to the source, the FTC has already reached out to third-parties for help understanding the competitive dynamics of social media. Visit Business Insider's homepage for more stories.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook earnings include admission of two antitrust probes and billions in fines, but stock barely hurtShares of the social-networking behemoth dip slightly in the extended session Wednesday after it announced second-quarter results that beat analysts’... The big FU to America. Where criminals gain even when they’re guilty af.... only 5B slap on wrist 1 qtrs earnings and keep it trucking. No jail no nothing... a complete and utter joke!
Source: MarketWatch - 🏆 3. / 97 Read more »