Facebook has barely shaken off a record $5
billion fine by U.S. regulators over its privacy
practices but it already faces new investigations
— not to mention ongoing ones — into
potential antitrust violations and other issues.
Now, a group of state attorneys generals led by
New York’s Letitia James is piling on with its own
antitrust investigation into Facebook.
For a decade, Facebook had largely been trusted
to regulate itself and keep its 2.4 billion users’
interests at heart. Then came Russian meddling
in the 2016 elections, fake news and the
Cambridge Analytica scandal, in which a political
data mining firm affiliated with Donald Trump’s
presidential campaign improperly accessed the
personal data of as many as 87 million users.