Facebook shares fell almost 3% on regular operations on Friday after news reports indicated that the United States Federal Trade Commission (FTC) could take steps to prevent Facebook from integrating its various message apps.
According to the reports, the FTC could request an injunction that would prevent Facebook’s “interoperability” plans for Facebook Messenger, WhatsApp and Instagram, which means updating them to use the same underlying software.
Both the FTC and Facebook refused to offer statements about the reports.
Facebook has been planning the integration of its apps since the beginning of 2019.
Federal regulators are concerned that the Facebook plan makes it difficult to separate the company in case the FTC considers it necessary. The Wall Street Journal was the first media to publish the report.
Barb Arushie is a financial reporter, focusing on technology and national security. Before joining Vnnking, Barb worked as a staff writer at Fast Company and spent two years as a foreign correspondent in London (Uk). Her work has been published on NBR, Business Insider, Medium and many other outlets.