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Zuckerberg testified before FTC during antitrust probe into Facebook

Photo: Tobias Hase/Picture Alliance via Getty Images

Facebook CEO Mark Zuckerberg testified during a Federal Trade Commission hearing this week as part of the agency's antitrust investigation into the social media company, Politico reports.

Why it matters via Axios' Ashley Gold: The FTC deposing Zuckerberg is not a surprising move in an antitrust case that may result in a lawsuit. It also gives the agency some cover after being criticized for not having Zuckerberg testify in the Cambridge Analytica data scandal case.

  • Zuckerberg's testimony could be used to help the FTC and state attorneys general build a case against the social network, per Politico.
  • Yes, but: That does not necessarily mean the FTC will be taking legal action against the tech giant.

The state of play: Zuckerberg testified before a House panel investigating antitrust violations in July regarding his company's acquisitions of Instagram and WhatsApp.

What they're saying: “We are committed to cooperating with the U.S. Federal Trade Commission’s inquiry and answering the questions the agency may have," a Facebook spokesperson told Axios.

  • The FTC told Axios the agency has no comment at the moment.

Go deeper

Scott Rosenberg, Ashley Gold, Kyle Daly
Nov 9, 2020 - Technology

Tech's Biden-era reset

Illustration: Aïda Amer/Axios

Joe Biden's transformation into president-elect Saturday kicks off a new era for tech, giving an industry that's found itself increasingly at odds with government the chance for a reset.

The big picture: Biden's ascent could see the restoration of some tech-friendly Obama-era policies but is unlikely to end the bipartisan techlash that grew during Trump's term.

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Fadel Allassan
51 mins ago - World

Putin foe Navalny to be detained for 30 days after returning to Moscow

Russian opposition leader Alexey Navalny. Photo: Oleg Nikishin/Epsilon/Getty Images

Russian opposition leader Alexey Navalny has been ordered to remain in pre-trial detention for 30 days, following his arrest upon returning to Russia on Sunday for the first time since a failed assassination attempt last year.

Why it matters: The detention of Navalny, an anti-corruption activist and the most prominent domestic critic of Russian President Vladimir Putin, has already set off a chorus of condemnations from leaders in Europe and the U.S.

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Axios
2 hours ago - Politics & Policy

Biden picks Warren allies to lead SEC, CFPB

Photo: Justin Sullivan/Getty Images

President-elect Joe Biden has selected FTC commissioner Rohit Chopra to be the next director of the Consumer Financial Protection Bureau (CFPB) and Obama-era Wall Street regulator Gary Gensler to lead the Securities and Exchange Commission (SEC).

Why it matters: Both picks are progressive allies of Sen. Elizabeth Warren (D-Mass.) and viewed as likely to take aggressive steps to regulate big business.

Go deeper (1 min. read)Arrow