A group of US states led by New York is planning to sue Facebook for monopolistic practices.

Specifically, there will be more than 40 states participating in the lawsuit against Mark Zuckerberg's social network. This is considered the second largest lawsuit against a company in “Big Tech” this year, after the Justice Department's lawsuit against Google.

Facebook declined to comment. The New York State Attorney General has not yet commented.

Also according to the source, the US Federal Trade Commission (FTC) may be the representative agency to file a lawsuit with the US district court. The content of the application was not disclosed. In past Facebook-directed antitrust lawsuits, suitors often target the world's largest social network trying to acquire potential competitors at high prices, such as the 2012 purchase of Instagram or WhatsApp in 2014.

In previous hearings, Zuckerberg often argued that Facebook always faced a host of competitors in the market, including big name technology firms. He also defended his acquisitions, emphasizing that purchases have helped small companies of insignificant size become big businesses.

The US Department of Justice and the FTC began antitrust investigations against four major tech companies, Facebook, Apple, Amazon and Google, from 2019. Of these, Google and Facebook were “noticed” the most.