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Business Matters: Should Facebook be broken up?

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10/12/2020 GMT

Should Facebook be broken up?

BBC World Service - Business Matters, Should Facebook be broken up?

Major US lawsuits seek to break up the social media company

US federal regulators and more than 45 state prosecutors have sued Facebook, accusing the social media company of taking illegal actions to buy up rivals and stifle competition. The lawsuits are one of the most significant legal actions the US government has taken against the firm. Officials are asking the court to consider breaking up the company, which also owns Instagram and WhatsApp. We hear from Sally Hubbard, former anti-trust lawyer in New York City and the director of enforcement strategy at the Open Markets Institute.

Also on the programme, we assess why investors think the accomodation website AirBnb is worth an incredible $50 billion.

Plus, we examine whether pharmaceutical companies are likely to release their drug patents for medicines and vaccines related to coronavirus.

And we go to Amsterdam in the Netherlands, where the authorities have decided to limit the amount and type of Christmas lights that people are allowed to put on the outside of their homes.

Throughout the programme we are joined by guests Sushma Ramachandran in Delhi and Ralph Silva in Toronto.

PHOTO: Reuters

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