You are here: Home » International » News » Companies
Business Standard

Govt breakup of Instagram, WhatsApp would be 'complete nonstarter': FB

Probes of other technology companies such as Alphabet's Google, Amazon.com and Apple are also ongoing

Topics
Amazon | Facebook

Agencies  |  New York 

Facebook

A government effort to break up from Instagram and WhatsApp would defy established law, cost billions of dollars and harm consumers, according to a paper company lawyers have prepared in the wake of rising antitrust legal threats.

The 14-page document, produced by lawyers at Sidley Austin LLP and reviewed by The Wall Street Journal, offers a preview of the social-media giant’s defense as federal antitrust enforcers and members of Congress continue to pursue investigations into Facebook’s power and past competitive behavior. Probes of other technology such as Alphabet’s Google, com and Apple are also ongoing.

Meanwhile, the House Judiciary subcommittee on antitrust held its seventh and final hearing in a series examining the health of competition in digital markets and the business practices of Amazon, Apple, and

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, October 05 2020. 01:07 IST
RECOMMENDED FOR YOU
.