New York State intends to file a monopoly lawsuit against Facebook.

The state of New York announced that it and other states will file a monopoly lawsuit against the “Facebook” company.

New York Attorney General Letitia James said that Facebook used “vast sums of money to gain smaller competitors and illegally acquired competitors and cut services provided to other companies that posed a threat to it.”

She added, “I will ask the court to stop the behavior of” Facebook “that prevents competition,” expressing her aspiration to cooperate with the Federal Trade Commission in the prosecution.

Source: “Reuters”

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