WASHINGTON (Reuters) – Facebook Inc’s (FB.(O) the Chief Executive Officer, Mark Zuckerberg, told workers in July that he expected the company would be faced with an attempt to break free of the world’s largest social media company, as a Democrat, Elizabeth Warren, appointed by president, according to the audio of the two in-house meetings in July, to be published by The Bank.
FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before the House Energy and Commerce Committee hearing with respect to the company, for the use and protection of the information of the user, on Capitol Hill in Washington, d.c., U.S., on April 11, 2018. (REUTERS photo/Leah Millis/File Photo
“If she is elected president, then I would bet we are dealing with a legal challenge, and I’m willing to bet that we’re going to win a legal challenge. And that is what it will do for us? Yes. I mean, I don’t want to go to a major lawsuit against our own government,” according to audio posted by the Verge.
That brought a quick retort from Warren, who in March called for the demolition Amazon.com Inc. (AMZN.O), Facebook Inc (FB.And Alphabet, Inc. (“GOOGL.D).
What would really suck is if we don’t fix a corrupt system in which large companies such as Facebook, illegal anti-competitive practices, to stomp on the privacy of consumers ‘ rights,” Warren tweeted.
Facebook declined to comment on Tuesday.
The us Federal Trade Commission (“FTC”) has made an open anti-trust investigation into Facebook, and a group of state attorneys general led by New York, and is also involved in the investigation.
One of the other senior Facebook executive, told Reuters earlier this month, the company is confident that it would beat trying to get to the break-up of the company.
Zuckerberg also said, “in the breaking of any of them, whether it’s Facebook or Google or Amazon, it’s not going to solve all of the problems. And, you know, it does not make any election, the failure is less likely. It just makes it more of a chance because the companies will not be able to co-ordinate and work together.”
Facebook has come under criticism of not doing more to prevent Russian meddling in the 2016 presidential election.
Zuckerberg was on Capitol Hill last month for the first time since the beginning of April 2018, when he testified before Congress. He also had a meeting with the President, Donald Trump.
He has recently spurned a request to testify before a US Senate panel, and it is explained in the July, the reason as to why he or she will often turn to the public testimony.
“I’m not going to go through each and every hearing on the subject of all over the world. Many people want to do it. When the issues came up in the last year at Cambridge, Analytica, and I’ve had public hearings in the united states. I’ve had public hearings in the european union. It just doesn’t really make sense for me to go to meetings in every country that I would like to see it,” he said of the workers.
Report by Ayanti Berra and Amal in Bengaluru; Additional reporting by David Shepardson in Washington; Editing by Shounak Dasgupta and Sandra Maler