Facebook probe in final stages as FTC, US states prepare lawsuits

WASHINGTON: The Federal Trade Commission and a bipartisan group of dozens of state attorneys general are in the final stages of filing one or more major antitrust complaints against Facebook Inc in early December, according to four sources familiar with the situation.

Following news reports on the Facebook investigation, New York Attorney General Letitia James said in a statement:"We don't comment on the details of an ongoing investigation, but as we have said before, we will continue to use every investigative tool at our disposal to determine whether Facebook's actions stifled competition, reduced choices, or put user data at risk."

In addition to New York, other lead states on the investigation include Colorado, Nebraska, Tennessee and Utah, one of the sources said.

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