It was reportedly in discussions last year to buy Houseparty, a group video chat app from the team behind Meerkat. However, it ended the talks after a few weeks, according to the New York Times. Sources told the paper Facebook ultimately decided buying another sizeable player in the social networking space posed too much of an antitrust risk. Epic Games eventually bought Houseparty in June.
The FTC reportedly discovered documents that gave it cause for concern on the antitrust front when it investigated the company last year over its privacy practices. Facebook ultimately agreed to pay an FTC fine of $5 billion related to its privacy issues, including the Cambridge Analytica scandal.
The agency received approval from the Justice Department to start an antitrust investigation into the company earlier this year, the NYT reported. Since then, investigators are said to have contacted several founders of companies Facebook has bought to gain insight into its acquisition methods. Engadget [...]