Zuckerberg testifies before FTC as part of antitrust probe

Fb Chairman and CEO Mark Zuckerberg testifies at a Home Monetary Providers Committee listening to in Washington, October 23, 2019.

Erin Scott | Reuters

Facebook CEO Mark Zuckerberg this week testified at a Federal Commerce Fee investigative listening to associated to the federal company’s antitrust investigation into the tech firm, the corporate confirmed to CNBC on Thursday. 

“We’re dedicated to cooperating with the US Federal Commerce Fee’s inquiry and answering the questions the Company might have,” Fb spokesman Joe Osborne mentioned in an announcement.

Politico was first to report Zuckerberg’s testimony with the FTC. Zuckerberg testified nearly over the course of two days, in response to Politico. 

It is unclear what precisely Zuckerberg spoke about, however the testimony is the most recent signal that the FTC is pushing ahead with an antitrust probe that the company opened into the social media firm in June 2019. Nevertheless, the testimony doesn’t essentially imply that the company will pursue an antitrust lawsuit agains the corporate, in response to Politico.

The testimony follows a public listening to final month earlier than the Home Antitrust Subcommittee alongside Amazon CEO Jeff Bezos, Apple CEO Tim Cook dinner and Alphabet CEO Sundar Pichai. On the listening to, Zuckerberg was grilled over the aggressive nature of the corporate’s 2012 $1 billion acquisition of Instagram and the 2014 $19 billion buy of WhatsApp. 

You can read the full Politico report here. 

#Zuckerberg #testifies #FTC #half #antitrust #probe



PJ is the Digital Marketer & Founder of PJ Digital Marketing, has involved in this field from 2010 onwards. Also the owner of a few more sites in different fields.