Facebook has held a ‘durable monopoly’ for a decade, FTC says in amended suit

Facebook has held a monopoly over personal social networking for the past decade, according to a beefed-up antitrust suit by the Federal Trade Commission filed Thursday. 

The FTC’s amended suit, which comes two months after a federal judge dismissed an earlier version, seeks to force Facebook to restructure or sell off assets including Instagram and WhatsApp that it says help the company squash competition. 

“Facebook holds monopoly power in the provision of personal social networking in the United States and has held such power continuously since at least 2011,” the FTC wrote, accusing the company of illegally maintaining a “durable monopoly.” 

The new complaint is longer and more d