Facebook Created Social Media Monopoly, New FTC Complaint States

WASHINGTON, D.C. — The Federal Trade Commission will try again to break up Facebook with renewed claims that the social media giant has monopolized the industry and harmed competition, CNN and others reported Thursday.

An amended FTC complaint was filed Thursday, almost two months after another complaint was tossed out by a federal judge. The new complaint, about 50 percent longer than the original, makes many of the same arguments: that Facebook broke the law in engaging in anticompetitive acquisitions and denied third-party apps access to their platform in anticompetitive ways, according to CNN.

Facebook's most well-known acquisitions include Instagram and WhatsApp. If the FTC's new legal challenge is successful, Facebook may have to spin off one or both of the apps.

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