Key Points:
- It was not a good day for Facebook.
- The social networking giant may end its Monopoly.
- Facebook might be forced to sell two important applications.
Facebook the social networking giant who is enjoying the dominance on the digital world from the past couple of years and the company also enjoys success in in almost all the markets of the world.
The social networking giant also owns two very popular social media applications and that is WhatsApp as well as Instagram and enjoys huge amount of users under its belt.
Well, it seems that the social networking giant Facebook might be forced to sell the two most important services and that is WhatsApp and Instagram. In this way the company will end its Monopoly on the digital world.
United states federal trade Commission filed a lawsuit against the social networking company followed by another filed by a union between 46 States Washington DC and Guam. The authority says that the company is dominating the market. If Facebook failed to to Pare down this particular low so then the company might be forced to sell its services such as WhatsApp and Instagram.
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