Facebook CEO Mark Zuckerberg will meet with lawmakers on Capitol Hill on Thursday, as pressure mounts on US regulators to increase scrutiny on potentially anti-competitive practices within the technology sector.
In a statement to FOX Business, a spokesperson for the company confirmed Zuckerberg would be in DC to meet with policymakers about the “future of internet regulation.”
The meetings come on amid heightened unease about competition in the technology sector – specifically regarding the company’s largest companies.
This week, antitrust regulators from the Department of Justice and the Federal Trade Commission testified before a Senate Judiciary Committee, naming investigations into competitive activity in technology markets as a top priority.
In fact, the FTC has shifted resources to establish a dedicated technology task force, FTC chair Joseph Simons said. “They are focused on high-technology platforms and they’re very active,” Simons added.
The only company the FTC official could confirm the agency was investigating is Facebook because the company itself publicly disclosed the case.
Full Content: CNBC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI