US Antitrust Regulator May Question Facebook Chief: Report - News Tags

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Saturday, July 18, 2020

US Antitrust Regulator May Question Facebook Chief: Report

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US regulators can question Facebook chief Mark Zuckerberg and his right-wing executive to determine if the social network has violated monopoly laws, according to a Wall Street Journal report.

The Journal quoted unidentified people close to the matter as saying the Federal Trade Commission is considering taking the sworn testimony of Zuckerberg and Facebook COO Sheryl Sandberg as part of a yearlong investigation into whether the leading social network has abused its dominance in the market.

The FTC declined to discuss the report.

"We hope to share our views on the competitive landscape, along with other technology leaders, during this month's Congressional hearing, while also demonstrating to law enforcement that our innovation offers more options for consumers," said a spokesperson. Facebook in response to an AFP investigation.

The leaders of Amazon, Apple, Facebook and Google will testify during an antitrust investigative hearing in the United States House Judiciary Committee on July 27.

The hearing comes in the context of growing complaints about technology platforms that have dominated key economic sectors, and calls on some activists and politicians to break the Silicon Valley giants.

Chief Executives Jeff Bezos (Amazon), Tim Cook (Apple), Sundar Pichai (Google) and Zuckerberg can virtually appear if they wish, according to a joint statement issued by Judiciary Committee Chairman Jerrold Nadler and Chairman of the antitrust subcommittee David Cicilline. .

"Since last June, the subcommittee has been investigating the mastery of a small number of digital platforms and the adequacy of existing antitrust laws and their enforcement," said Nadler and Cicilline.

"Given the central role these corporations play in the lives of the American people, it is critical that their CEOs be forthcoming."

Google and Facebook, which account for the bulk of global digital advertising revenue, provide free services that have become dominant in their industries, such as Google's search engine or its subsidiary, the YouTube video-sharing platform.

From NDTV News
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