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 ArticleFacebook stock price falls after being hit by a groundbreaking lawsuit
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