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Facebook considered acquiring Houseparty but abandoned the deal due to fears of greater antitrust concerns, The New York Times reports.

Facebook considered acquiring video chat app Houseparty but abandoned the deal last year due to concerns around heightened antitrust scrutiny, according to The New York Times.

The company was in advanced discussions with Houseparty but ended deal talks after it became clear that acquiring another social media company would be too risky, given Facebook’s dominance in the space, the Times reported.

. Facebook has unveiled an ambitious plan for its own digital currency similar to bitcoin, called Libra.
. It's partnering with several other heavyweights, such as Visa, Mastercard, Uber, PayPal and Spotify.
. Libra is scheduled to launch within the next six to 12 months.
. Many privacy questions remain unanswered, though, adding to the regulatory concerns Facebook already faces.

Facebook already rules daily communication for more than 2 billion people around the world. Now it wants its own currency, too.