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FTC Prepares Possible Antitrust Lawsuit Against Facebook, Source Says

  • FTC action would escalate growing scrutiny of big tech
  • Case could be filed by year-end over competition harm claims
Bloomberg business news
Watch: The FTC is reportedly preparing a possible antitrust suit against Facebook. (Source: Bloomberg)
Updated on

U.S. competition enforcers are preparing a possible antitrust lawsuit against Facebook Inc., according to a person familiar with the matter.

The Federal Trade Commission has been investigating Facebook for more than a year over whether the social media giant has harmed competition and could file a case by the end of the year, said the person, who was granted anonymity because the inquiry is confidential. No final decision has been made, the person added.