Facebook was just slapped with a record-breaking fine for privacy violations, but its regulatory headaches are far from over.
The company disclosed Wednesday that it’s also facing an antitrust investigation from the Federal Trade Commission. The disclosure came amid Facebook’s second quarter earnings report, which landed just hours after details of its $5 billion settlement with the FTC were revealed.
SEE ALSO: Everything you need to know about Facebook’s deal with the FTC
“In June 2019, we were informed by the FTC that it had opened an antitrust investigation of our company,” the company said in a statement. That marks the second federal antitrust probe into the social media company. The Department of Justice is also conducting an antitrust review of several major tech companies. Read more…
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