Facebook Confirms Zuckerberg Interviewed in US FTC Investigation

Facebook confirmed on Thursday that chief executive Mark Zuckerberg was interviewed earlier this week at a Federal Trade Commission (FTC) investigative hearing as element of the government’s antitrust probe into the social media organization.

“We are committed to cooperating with the US Federal Trade Commission’s inquiry and answering the concerns the company may possibly have,” the social media organization explained in a statement.

The FTC declined to comment.

Politico reported the interview earlier on Thursday.

The FTC informed Facebook in June 2019 it was probing no matter whether the organization has engaged in unlawful monopolistic practices.

Facebook faces related probes by the Justice Division and by state attorneys common and has explained the investigations are wanting at prior acquisitions and business enterprise practices involving “social networking or social media companies, digital promoting, and/or mobile or on line applications.”

Politico explained Zuckerberg’s testimony was performed underneath oath above two days this week remotely. Employees from states investigating Facebook have been also concerned, Politico reported.

In July 2019, Facebook agreed to spend a record-breaking $five billion (approximately Rs. 37,443 crores) fine to resolve a separate FTC probe into the company’s privacy practices.

The FTC probe that resulted in the $five billion settlement uncovered a broad array of privacy challenges.

The FTC came underneath criticism in the privacy probe for not requiring Zuckerberg to solution concerns underneath oath. FTC Chairman Joe Simons explained in 2019 it was pointless to depose Zuckerberg.

Also in July 2019, the US Justice Division explained it was opening a broad investigation of key digital technologies companies into no matter whether they engage in anticompetitive practices.

Final week, Deputy Lawyer Standard Jeff Rosen informed Reuters the tech investigation was going “total tilt.” He declined to specify when the government would choose no matter whether to carry an antitrust action towards Alphabet ‘s Google.
© Thomson Reuters 2020

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