FTC MULLS DEPOSING TOP FACEBOOK EXECS IN ANTI-TRUST QUIZ

The US Federal Trade Commission is considering taking sworn testimony from Facebook Inc.’s top executives Mark Zuckerberg and Sheryl Sandberg as a part of its probe into whether the company has engaged in unlawful monopolistic practices, the Wall Street Journal reported on Friday (Saturday, July 18, 2020 in Manila.)

Top Facebook officials are preparing for potential depositions and some are worried about the possibility, the report said, citing a person familiar with the matter, Diane Bartz and Neha Melara reported for Reuters.

“We look forward to sharing our views about the competitive landscape, along with other technology leaders, during this month’s Congressional hearing, while also demonstrating for enforcement agencies that our innovation provides more choices for consumers,” a Facebook spokesperson said.

FTC declined to comment on the matter as requested by Reuters.