Facebook Reportedly Faces Possible FTC Lawsuit

Just days after the Justice Department filed an antitrust lawsuit against Alphabet's Google, The Wall Street Journal is reporting that the Federal Trade Commission is considering filing suit against Facebook (NASDAQ: FB), though on what grounds remains unclear. The Journal says five members of the agency met via videoconference yesterday, but while staffers are recommending an antitrust lawsuit, the commissioners have yet to decide and adjourned without taking action. Facebook is also being probed by the agency for possible abuse of its market position to squelch competition.