August 1, 2019 / 6:46 PM / 24 days ago

FTC probes Facebook's acquisition practices - WSJ

Aug 1 (Reuters) - The Federal Trade Commission is probing Facebook Inc to check if the social media company’s acquisitions were aimed at snapping up potential rivals before they could become a threat, reported the Wall Street Journal, citing people familiar with the matter.

The company's acquisition practices are the main focus of the FTC probe, the report here on Thursday said.

Both FTC and Facebook did not immediately respond to a Reuters request for comment. (Reporting by Sayanti Chakraborty in Bengaluru; Editing by Shinjini Ganguli)

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