Mark Zuckerberg can appear virtually if he wishes, according to a joint press release issued by the judiciary.
San Francisco, United States:
US regulators could interview Facebook chief Mark Zuckerberg and his right-wing executive to determine if the social network has broken monopoly laws, according to a Wall Street Journal report on Friday.
The Journal quoted anonymous people close to the case as saying that the Federal Trade Commission was planning to take sworn testimony of Zuckerberg and Facebook chief operating officer Sheryl Sandberg as part of an investigation by a year to find out if the main social network has abused its domination of the market.
The FTC refused to discuss the report.
“We look forward to sharing our views on the competitive landscape with other technology leaders at this month’s Congress hearing, while demonstrating to the implementing agencies that our innovation offers more consumers, “said a Facebook spokesperson in response to an AFP. investigation.
Executives from Amazon, Apple, Facebook and Google are scheduled to testify at an antitrust investigation hearing before the US House Committee on the Judicial on July 27.
The hearing takes place against a backdrop of growing complaints about technology platforms that have dominated key economic sectors and calls by some activists and politicians to smash the giants of Silicon Valley.
Chief Executive Officers Jeff Bezos (Amazon), Tim Cook (Apple), Sundar Pichai (Google) and Zuckerberg can appear virtually if they wish, according to a joint statement issued by Judicial Committee Chair Jerrold Nadler and Deputy President David Cicilline antitrust committee.
“Since last June, the subcommittee has investigated the dominance 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 that these companies play in the lives of the American people, it is essential that their CEOs come.”
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 affiliate, the YouTube video sharing platform.
User interactions with these products allow companies to collect data profiles and sell targeted advertising space on a large scale.
At Apple and Amazon, it’s their sales platforms – the App Store on iPhones and iPads, or Amazon’s e-commerce site – that are in the crosshairs of regulators, since the two companies are both hosts and traders .
Earlier this year, the United States Department of Justice said it was examining potential anti-competitive actions from major technology platforms, and attorneys general for the majority of U.S. states have launched antitrust investigations on Google and Facebook.
(This story has not been edited by GalacticGaming staff and is automatically generated from a syndicated feed.)
