US Federal Trade Commission refiles lawsuit against Facebook

The Facebook case, first filed in December, presents an early test for US Federal Trade Commission Chair Lina Khan, who was named head of the agency in June by President Joe Biden.

U.S. antitrust officials on Thursday refiled their monopoly lawsuit against Facebook Inc., seeking to salvage the landmark case that a judge threw out in June. The Federal Trade Commission filed the new complaint in federal court in Washington, alleging that Facebook violated antitrust laws by buying Instagram and WhatsApp in order to eliminate them as competitors. Facebook shares reversed an earlier gain, slipping less than 1% to $355.28 at 11:34 a.m. in New York. The stock has climbed about 30% this year.