The Federal Trade Commission is apparently willing to interview with Bloomberg Tuesday, FTC Chairman Joe Simons said that if necessary, the FTC could undo past mergers.if it has to. In an
“It’s not ideal because it’s very messy. But if you have to you have to,” he said.
The FTC is currently investigating whether companies like Instagram and WhatsApp were part of the social media giant’s strategy to stifle competition. Facebook revealed earlier this month that the FTC had launched an antitrust probe into the company, but didn’t provide many details. The announcement came shortly after the agency said it was fining Facebook a record-setting $5 billion for alleged privacy missteps.. The agency is reportedly focused on whether Facebook’s purchases of companies such as
In July, the Department of Justice kicked off its own.
The FTC declined to comment.