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Kamal Ghali, Bondurant Mixson Elmore, Atlanta. (Photo: John Disney/ALM) Kamal Ghali, Bondurant Mixson Elmore, Atlanta. (Photo: John Disney/ALM)

The calls to break up Facebook have reached a fever pitch, and the Federal Trade Commission appears to be listening. But in the rush to “do something” about Facebook, the FTC may be on the verge of a regulatory flip-flop that raises fundamental questions about its power to retroactively kill mergers that it approved years ago, including Facebook’s 2012 acquisition of Instagram.

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