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Facebook confirmed on Thursday that chief govt Mark Zuckerberg was interviewed earlier this week at a Federal Trade Commission (FTC) investigative listening to as part of the federal authorities’s antitrust probe into the social media agency.
“We are committed to cooperating with the US Federal Trade Commission’s inquiry and answering the questions the agency may have,” the social media agency acknowledged in an announcement.
The FTC declined to comment.
Politico reported the interview earlier on Thursday.
The FTC suggested Facebook in June 2019 it was probing whether or not or not the company has engaged in unlawful monopolistic practices.
Facebook faces associated probes by the Justice Department and by state attorneys widespread and has acknowledged the investigations are prior acquisitions and enterprise practices involving “social networking or social media services, digital advertising, and/or mobile or online applications.”
Politico acknowledged Zuckerberg’s testimony was carried out beneath oath over two days this week remotely. Staff from states investigating Facebook have been moreover involved, Politico reported.
In July 2019, Facebook agreed to pay a record-breaking $5 billion (roughly Rs. 37,443 crores) good to resolve a separate FTC probe into the company’s privateness practices.
The FTC probe that resulted in the $5 billion settlement uncovered a wide range of privateness factors.
The FTC received right here beneath criticism in the privateness probe for not requiring Zuckerberg to answer questions beneath oath. FTC Chairman Joe Simons acknowledged in 2019 it was pointless to depose Zuckerberg.
Also in July 2019, the US Justice Department acknowledged it was opening a broad investigation of most important digital know-how companies into whether or not or not they interact in anticompetitive practices.
Last week, Deputy Attorney General Jeff Rosen suggested Reuters the tech investigation was going “full tilt.” He declined to specify when the federal authorities would resolve whether or not or to not carry an antitrust movement in opposition to Alphabet ‘s Google.
© Thomson Reuters 2020
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