Not actually true. To break up an existing company, you need to be taken to court by the United States under the one of the anti-trust acts, and prove a violation of the law.
To be clear the FTC can prevent mergers with no evidence of wrongdoing, based solely on market share, but breaking up an existing company is a rarely used remedy in antitrust cases.
Snapchat, twitter, pinterest, reddit, youtube, hangouts/gmessenger, linkedin, skype/groupme, imessage, discord, kik, line, telegram, signal. Especially justifying Instagram, because facebook really made it what it is. WhatsApp MAYBE, but in reality what facebook is doing is owning both the US and INTL messengers, I dont think they overlap in a way that justifies splitting it up, because FB's US marketshare doesnt drastically increase from WA. Is it the justice departments job from to allow the most popular domestic product from merging with the most popular international product? Uber being able to swallow up or own shares in all these regional services should be questioned then. FB/WA still have viable competition from imessage, snapchat, and skype.
The point of anti-trust laws is to break up monopolies because they represent a massive and dangerous concentration of market and political power in the hands of the few. You don't need evidence of any specific crime to do it.
You can say you'd prefer it not be that way. But it's a provision of existing law, with precedents. To really argue for your preference you'd need to show how those applications didn't turn out well.