Fb official declined to substantiate whether or not CEO Mark Zuckerberg gave testimony. (File)
San Francisco:
Fb on Thursday mentioned its executives are fielding questions from the US Federal Commerce Fee on an antitrust fact-finding mission.
CEO Mark Zuckerberg answered FTC queries underneath oath remotely over the course of two days this week, information web site Politico reported, citing unnamed folks aware of the case.
“We’re dedicated to cooperating with the US Federal Commerce Fee’s inquiry and answering the questions the company might have,” a Fb spokesperson mentioned, declining to substantiate whether or not Zuckerberg gave testimony.
FTC investigations do no at all times result in lawsuits.
Final month Zuckerberg plus CEOs Tim Prepare dinner of Apple, Jeff Bezos of Amazon and Sundar Pichai of Google have been grilled for greater than 5 hours in an unprecedented joint look — by video — earlier than a Home of Representatives panel investigating market dominance.
The pinnacle of a US congressional antitrust committee contended that the businesses are too highly effective and can seemingly emerge from the coronavirus pandemic even stronger.
“Merely put, they’ve an excessive amount of energy,” Home Judiciary Antitrust subcommittee chair David Cicilline mentioned.
“Whether or not it is by way of self-preferencing, predatory pricing, or requiring customers to purchase further merchandise, the dominant platforms have wielded their energy in harmful, dangerous methods as a way to increase,” the Democrat from Rhode Island mentioned.
(Aside from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)
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