Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019.
Erin Scott | Reuters
State attorneys general are preparing to file an antitrust lawsuit against Facebook as soon as next week, sources familiar with the matter told CNBC’s Ylan Mui. At least 20 to 30 states could join in, the sources said.
The news comes as multiple outlets have reported the Federal Trade Commission is likely to file its own antitrust lawsuit against the social media giant. It’s still unclear where the FTC may choose to bring a case — either in federal court or before its administrative law judge. If it chooses to bring the case in-house, it cannot combine its lawsuit with the states. Reuters previously reported the states were planning an antitrust case against Facebook.
Both the FTC and the state AGs, led by New York’s Letitia James,