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Facebook executives could be deposed by FTC in antitrust probe, report says

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Facebook CEO Mark Zuckerberg is without doubt one of the executives the FTC is considering taking sworn testimony from as a part of an antitrust investigation.


James Martin

Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg could be requested by the Federal Trade Commission to supply sworn authorized testimony as a part of a yearlong antitrust probe performed by the company, The Wall Street Journal reported on Friday. 

Last yr, Facebook revealed that the FTC had launched an antitrust investigation into the corporate. The company is reportedly specializing in whether or not Facebook’s purchases of corporations equivalent to picture service Instagram and messaging app WhatsApp have been a part of the social media big’s technique to stifle competitors.

The FTC is contemplating deposing Zuckerberg and Sandberg, and Facebook is making ready for the chance, the Journal reported. During a sworn authorized testimony, the individuals decide to telling the reality they usually could face perjury expenses if there’s proof they lied. Facebook officers are reportedly anxious in regards to the potential deposition of the corporate’s executives, based on the Journal.

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

Zuckerberg is without doubt one of the tech executives scheduled to look earlier than the House Judiciary Antitrust Subcommittee in an antitrust listening to on July 27. Apple CEO Tim Cook, Amazon CEO Jeff Bezos and Alphabet and Google CEO Sundar Pichai are additionally anticipated to take part. 

This is not the primary time Facebook has confronted an inquiry by the FTC. Last yr, the company fined Facebook a record-setting $5 billion for alleged privateness missteps in the wake of the 2018 Cambridge Analytica scandal. Cambridge Analytica is a UK political consulting agency that harvested the information of as much as 87 million Facebook customers with out their permission. 

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