Facebook CEO Mark Zuckerberg is among the executives the FTC is thinking of taking sworn testament from as part of an antitrust examination.
James Martin
Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg might be asked by the Federal Trade Commission to offer sworn legal testament as part of a yearlong antitrust probe performed by the firm, The Wall Street Journal reported on Friday.
Last year, Facebook exposed that the FTC had actually released an antitrust examination into the business. The firm is supposedly concentrating on whether Facebook’s purchases of business such as photo service Instagram and messaging app WhatsApp became part of the social networks giant’s technique to suppress competitors.
The FTC is thinking about deposing Zuckerberg and Sandberg, and Facebook is getting ready for the possibility, the Journal reported. During a sworn legal testament, the individuals dedicate to informing the fact and they might deal with perjury charges if there’s proof they lied. Facebook authorities are supposedly stressed over the possible deposition of the business’s executives, according to the Journal.
The FTC decreased to comment. Facebook didn’t right away react to an ask for remark.
Zuckerberg is among the tech executives set up to appear prior to the House Judiciary Antitrust Subcommittee in an antitrust hearing on July 27. Apple CEO Tim Cook, Amazon CEO Jeff Bezos and Alphabet and Google CEO Sundar Pichai are likewise anticipated to get involved.
This isn’t the very first time Facebook has actually dealt with a query by the FTC. Last year, the firm fined Facebook a record-setting $5 billion for supposed personal privacy errors in the wake of the 2018 Cambridge Analytica scandal. Cambridge Analytica is a UK political consulting company that collected the information of as much as 87 million Facebook users without their consent.
