The US FTC and attorneys general from 46 states filed a lawsuit against Facebook, alleging gross abuse of market power and illegal acquisition of WhatsApp and Instagram.
Despite the tech giants ramping up lobbying in the face of antitrust scrutiny by FTC, its Facebook’s turn to receive lawsuits after Google.
It’s not a cakewalk to make yourself a prominent space in the world of fortune. And it’s definitely a big deal when the billionaire title bears the prefixes ‘youngest’ and ‘self-made’.
Neither were they inheritors of enormous wealth nor were they heirs to mega empires. College dropouts with big dreams, they came up with prolific ideas, which were ahead of time, which made them true-blue self-made Business Tycoons of the World.
What the people know, is just a tip of the iceberg. It is huge, it is devastating and we certainly need to get rid of it.
The CEOs of the three behemoths of information testified for an act that prevents social media websites from being held responsible for content that users post on their platforms.