The Federal Trade Commission and a coalition of attorneys general from 48 states and territories filed two separate antitrust lawsuits against Facebook on Wednesday. The suits target two of Facebook’s major acquisitions: Instagram and WhatsApp.Both lawsuits are seeking remedies for the alleged anti-competitive conduct that could result in requiring Facebook to divest the two apps.The company’s stock was down nearly 2% by Wednesday’s market close.Facebook pushed back against the lawsuits, calling it “revisionist history” of two major acquisitions the government approved several years ago.”The most important fact in this case, which the Commission does not mention in its 53 …
