Technology

Zuckerberg reportedly testified this week for the FTC





Zuckerberg is reportedly testifying on antitrust issues for the FTC.


Angela Lang/CNET

Facebook CEO Mark Zuckerberg has reportedly testified at a Federal Trade Commission antitrust hearing this week. His digital testimony went for 2 days, in accordance with a Politico report Thursday.

“We’re dedicated to cooperating with the US Federal Commerce Fee’s inquiry and answering the questions the Company might have,” a Fb firm spokesperson informed CNET in an emailed assertion.

The information comes after a report final month by The Wall Avenue Journal stated Zuckerberg and Facebook COO Sheryl Sandberg could be asked by the FTC to provide sworn legal testimony as a part of a probe by the company. 

Fb stated final 12 months that the FTC was investigating the corporate over antitrust issues. The FTC is reportedly trying into whether or not Fb’s $1 billion buy of Instagram and $19 billion acquisition of WhatsApp had been a technique to stifle competitors and keep dominance.

Emails final month revealed that Zuckerberg saw Instagram as a potential competitive threat previous to buying the social media platform. The emails had been surfaced throughout an antitrust hearing with the Home judiciary’s antitrust subcommittee that noticed not solely Zuckerberg testify but additionally Amazon CEO Jeff Bezos, Apple CEO Tim Prepare dinner and Alphabet CEO Sundar Pichai.

The FTC did not instantly reply to a request for remark.

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Corinne Reichert