48 AGs, FTC Sue Facebook Alleging Illegal Power Grabs To 'Neutralize' Rivals

Attorneys general from 46 states, the District of Columbia and Guam as well as the Federal Trade Commission filed much-anticipated lawsuits against Facebook on Wednesday. The suits accuse the social network of abusing its online dominance by gobbling up competitive threats that served to entrench the platform so deeply into the lives of billions of people that rivals could no longer put up a fight.

"For nearly a decade Facebook has used its dominance and monopoly power to crush smaller rivals and snuff out competition, all at the expense of...