Legislators want to cut Facebook, but experts say restoring competition through regulation should be the goal

New York attorney general Letitia James said a Facebook breakup was “on the table”. Last week, New York attorney general Letitia James, who leads 48 other attorneys general on Facebook’s illegal competition lawsuit, told Bloomberg Businessweek that she was considering breaking up the tech giant because “Facebook’s monopoly harms consumers, the market harms advertisers harms. ” One method, she said, would be to end the Instagram and WhatsApp acquisitions that Facebook acquired in 2012 and 2014, respectively. The Federal Trade Commission, which helped clear up the two Facebook acquisitions, filed a similar complaint last year in hopes of dismantling the company because of its “illegal monopoly”. The FTC has stated that it is questioning both the acquisitions and the company’s conduct. Here’s what three antitrust experts had to say about the split from Facebook. Separating from Facebook would lead to more competition in the social media market, which, according to Harry First, professor of law at New York University, would be good for users. “The main beneficiary of competition should be consumers. We should get more of the things we want and prefer,” said First, who was previously the chief antitrust officer in New York’s attorney general.