In antitrust probe, FTC could be deposed Facebook executives, report says.
The US Federal Trade Commission is allegedly considering taking sworn legal testimony from Facebook COO Sheryl Sandberg and CEO Mark Zuckerberg, as part of a yearlong antitrust probe directed by the agency, reported The Wall Street Journal on Friday.
The Journal revealed, The FTC is thinking about deposing Zuckerberg and Sandberg, and Facebook is planning for the chance. A year ago, Facebook uncovered that the FTC had released an antitrust examination concerning the into the company. The organization is reportedly concentrating on whether Facebook’s purchases of companies, for example, messaging app WhatsApp and photo service Instagram were part of the social media giant’s strategy.
The participants focus to telling the truth during a sworn legal testimony so that they could deal with perjury charges if there’s proof they lied. According to the Journal, Facebook authorities are allegedly stressed over the expected testimony of the company’s executives. The FTC declined to comment. Facebook didn’t quickly react to a request for comment.
Civil rights organizations group the Anti-Defamation League, in June the Color of Change and NAACP called on enterprises to hit pause on hate and not promote on Facebook in July. From ads, the social network gets entirety of its money that ranks in more than $70 billion in revenue last year.
To show up before the House Judiciary Antitrust Subcommittee on July 27, Zuckerberg is one of the tech executives scheduled in an antitrust hearing. Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Google CEO and Alphabet Sundar Pichai are additionally expected to take an interest.
Cambridge Analytica is a UK political counseling firm that gathered the information of up to 87 million Facebook users without their consent. Though, its not the first time Facebook has confronted a request by the FTC, A year ago, Facebook fined by agency a record-setting $5 billion for supposed security missteps in the wake of the 2018 Cambridge Analytica scandal where the
Chris Pratt is a self-professed software developer. He just loves to write about cryptography, software, social engineering, and the internet. He writes for Canon printer products at canon.com/ijsetup