Skip to main content

Why Jim Cramer Doesn't Think the FTC Will Divest Instagram and WhatsApp

Publish date:
Video Rating:
Video Duration:

The Federal Trade Commission and a coalition of states have filed an antitrust lawsuit against Facebook, saying that the company engaged in anticompetitive behavior to maintain a monopoly position in personal social networking.

The FTC's case was brought in coordination with attorneys general from 46 states, the District of Columbia, and Guam.

Facebook CEO Mark Zuckerberg, in a post to employees, wrote the company's acquisitions of Instagram and WhatsApp "have dramatically improved those services and helped them reach many more people.

WATCH: Everything Jim Cramer Is Watching in the Market Thursday

Latest Videos From TheStreet and Jim Cramer:

Related Videos