The FTC is considering deposing Facebook’s [NASDAQ: FB] Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg as an investigation continued to look into anti-trust violations. FTC officials previously had suggested the idea of deposing Zuckerberg to drive up a settlement over consumer privacy violations.
Zuckerberg is scheduled to appear before the House Judiciary antitrust subcommittee on July 27. Facebook representative disclosed that the innovation in the company provides more choices for customers.
Shares of Facebook Inc. 0.46% and exhibited a change of +1.10 at $242.03 during the trading of Friday. It had a trading volume of 18.11 million as compared to the average volume of 25.96 million.
In the past 52-weeks of trading, it has fluctuated between the low of $137.10 and a high of $250.15. Continuing to look at its profitability, this company has return on assets of 16.30%, return on equity of 21.50% and return on investment of 17.40%. Facebook Inc has a total market capitalization of 688.50 billion.
Earlier, when FTC suggested the idea of deposing Mark Zuckerberg the company has suggested paying $5 billion fine. Department of Justice has also prepared the same antitrust investigation against Google and Apple.