US: Zuckerberg headed to DC amid antitrust crackdown

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

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