According to newsbreak.com, the Federal Trade Commission and more than 40 states accused Facebook of becoming a social media monopoly. Facebook is illegally buying up its rivals which will basically get rid of all its competition.

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Facebook has been being investigated for over 18 months by federal and state regulators. There has been a lawsuit filed that alleges, Facebook purchased Instagram for $1 billion in 2012 and WhatsApp for $19 billion two years later. This move eliminated competition that could have challenged the company, possibly preventing them from becoming the powerhouse that it is today.

According to newsbreak.com the lawsuit filed in the U.S District Court of the District of Columbia, underscore the bipartisan tsunami against Big Tech Companies. Regulators are starting to crack down on the grip that Facebook, Google, Amazon, and Apple maintain on almost all the things that most consumers use every day

Facebook has been denying for a long time any illegal behavior, and Facebook has very deep pockets, it is expected that it would use all of its resources to defend its self. If prosecutors succeed, the case would remake the company, which has had great success and growth for many years. According to newsbreak.com, the Facebook chief executive has described a break of the company as an "existential"  threat.

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