The United States Federal Trade Commission today announced it has filed a lawsuit with the Washington, D.C. US District Court alleging anticompetitive practices that constitute an illegal monopoly on “personal social networking.” The Commission is seeking a remedy which includes spinning out Instagram and WhatsApp. Oculus, the company’s XR organization, is not directly mentioned in the suit, but it’s clear that the case’s outcome would have wide ranging repercussions for all of Facebook’s business segments.

Following an investigation backed by the attorneys general of 48 US states & territories, the FTC today announced that it filed a formal lawsuit against Facebook for alleged anticompetitive practices. The complete filing can be read here.

The…

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