(CNBC) -- 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 lawsuits target two of Facebook’s major acquisitions: Instagram and WhatsApp.
Both are seeking remedies for the alleged anticompetitive 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.
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