Facebook stock price falls after being hit by a groundbreaking lawsuit

Invezz

Published

Facebook (NASDAQ: FB) stock price closed the week more than 2% lower after the company was hit by a groundbreaking lawsuit from antitrust agencies and a high number of states.  Fundamental analysis: Is Facebook in trouble? A high number of states and the federal government filed antitrust lawsuits against the social media giant due to alleged monopolistic practices to obtain dominance.  The Federal Trade Commission (FTC) requested a permanent injunction in federal court, with a special focus placed on WhatsApp and Instagram, which were acquired for $19 billion and $1 billion, respectively.  “Personal social networking is central to the lives

Full Article