Facebook CEO Mark Zuckerberg testified this week of a federal trade commissioner in connection with the federal agency’s anti-trust investigation into the tech company, the company confirmed Thursday to CNBC.
“We intend to cooperate with the U.S. Federal Trade Commission’s inquiry and answer any questions the Agency may have,” Facebook spokesman Joe Osborne said in a statement.
Politico was the first to report Zuckerberg’s testimony to the FTC. Zuckerberg testified in about two days, according to Politico.
It is unclear what exactly Zuckerberg was talking about, but the evidence is the latest sign that the FTC has come forward with an antitrust probe that opened the agency in the social media business in June 2019. However, the evidence does not necessarily mean that the agency will antitrust lawsuit is again pursuing the company, according to Politico.
The testimony follows a public hearing last month before the House Antitrust Subcommittee alongside Amazon CEO Jeff Bezos, Apple CEO Tim Cook and Alphabet CEO Sundar Pichai. At the hearing, Zuckerberg was grilled about the competitive nature of Instagram’s $ 1 billion acquisition of Instagram in 2012 and the $ 19 billion acquisition of WhatsApp in 2014.
You can read the full Politico report here.
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