US FTC Questions Facebook On Business Practices

Facebook has confirmed that its executives, including CEO Mark Zuckerberg, are fielding questions from the US Federal Trade Commission.

Jessica David

August 21, 2020

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On an antitrust fact-finding mission, the US Federal Trade Commission, popularly known as FTC has been questioning Facebook and its executives, including CEO Mark Zuckerberg, who have been fielding the agencies queries. The executives have answered the queries under oath, remotely over the course of two days this week. The interview hearing is a part of the government’s antitrust probe into the social media company. The political firm reported the interview earlier on Thursday (August 20). FTC told Facebook in June 2019 that it was probing whether the company was engaged in unlawful monopolistic practices.

Facebook faces similar probes by the department and the state attorney general has said that investigators are looking at prior acquisitions and business practices, involving social networking or social media services, digital advertising and/or mobile and online applications. It is said that Zuckerberg’s testimony was conducted under oath over two days this week. Staff from the States, investigating Facebook were also involved, reported the firm in July 2019, to which Facebook agreed.

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