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Breaking : 47 Attorney Generals Investigating Facebook for Antitrust Violation


New York Attorney General Letitia James Announced on Tuesday on Anti trust probe into Facebook, by 47 attorney general.

Shares of Facebook fell 3.2% on the News.

  • The probe will zero in on whether Facebook broke any state or federal laws as a result of any anti competitive conduct related to its dominance.

Facebook already faces a separate anti trust investigation launched by the federal trade commission in July. The probe was announced on the heels of the FIC’s $5 billion fine Against Facebook over its privacy policies.

Facebook and its rivals, including Google, Amazon and Apple, also face a separate probe from the U.S Department of Justice.

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