Tim Wu: Facebook cannot but its way out of competition

The Federal Trade Commission and more than 40 states filed an antitrust suit against Facebook on Wednesday, prompting the company and its defenders to argue that Silicon Valley’s very way of doing business is under attack.On the contrary. What the federal government and states are doing is reasserting a fundamental rule for all American business: You cannot simply buy your way out of competition. Facebook, led by its chief executive, Mark Zuckerberg, has taken that strategy to a smirking a