WASHINGTON (Reuters) -New York Attorney General Letitia James will make a major “business related” announcement on Wednesday afternoon, her office said in a press release.
The announcement came among widespread expectation that a group of state attorneys general will sue social media giant Facebook Inc (NASDAQ:) for violating antitrust law this week.
A spokesman for Facebook declined comment on Wednesday.
In congressional testimony this summer, Facebook Chief Executive Mark Zuckerberg defended much-criticized acquisitions like Instagram and WhatsApp, saying that his social media platform helped them expand from small, insignificant companies into powerhouses. He has also argued that Facebook has a range of competitors, including other tech giants.
Facebook settled a privacy probe with the FTC in 2019, paying $5 billion to resolve allegations that it violated a 2012 consent decree by inappropriately sharing user information with the now-defunct Cambridge Analytica, whose clients included President Donald Trump’s 2016 campaign.
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