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Facebook says the FTC is officially investigating it over antitrust concerns
Facebook says the FTC is officially investigating it over antitrust concerns
Nick BastoneJul 25, 2019, 01:48 IST
FILE - In this April 10, 2018, file photo Facebook CEO Mark Zuckerberg takes his seat to testify before a joint hearing of the Commerce and Judiciary Committees on Capitol Hill in Washington. The Washington Post reported on Tuesday, July 23, 2019, that the Federal Trade Commission will allege that Facebook misled users about its privacy practices as part of an expected settlement.(AP Photo/Alex Brandon, File)Associated Press
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In its earnings report on Wednesday, Facebook formally annoucned that is under investigation by the FTC over antitrust concerns.
In June, it had been reported that the FTC was preparing a potential probe, but the earnings report confirms that the investigation is formally under way. This is in addition to the broader investigation into Big Tech that the Department of Justice had announced on Tuesday.
