Mark Zuckerberg Is Still Getting Called To The Mat For Facebook’s $22 Billion Acquisition Of WhatsApp

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Congresswoman Nydia Velazquez remains skeptical of Zuckerberg’s characterization of what happened with WhatsApp—that the business plan had changed after WhatsApp co-founder Brian Acton’s statement to the EU

The controversy over Mark Zuckerberg’s integration of WhatsApp into Facebook just won’t die. he had been coached to tell European Union antitrust regulators that it would be difficult to merge WhatsApp and Facebook’s technology — shortly before the social network did just that — Zuckerberg was asked to defend Facebook’s actions to Congress. on his troubled cryptocurrency initiative Libra before the House Financial Services Committee, were in response to Congresswoman Nydia Velazquez.

Facebook is the target of antitrust probes from nearly every state. The Federal Trade Commission and the Department of Justice are also reportedly probing the social network to investigate whether it has violated antitrust laws. “I was coached to explain that it would be really difficult to merge or blend data between the two systems,” Acton said toBut shortly after, WhatsApp launched new terms of service that showed the two systems had merged. The EU fined Facebook $122 million in 2017 for giving “incorrect or misleading information.”last year. Acton, today worth $2.5 billion, left WhatsApp at the end of 2017.

A spokesperson for Facebook elaborated on Zuckerberg’s response, saying"it’s both factually wrong and offensive for the Congresswoman and other regulators to be characterizing this as Facebook having ‘lied’ – and worse, suggesting that we ‘coached’ WhatsApp to lie.”

 

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Nigga ain’t okay everything is smh

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Mark Zuckerberg Is Still Getting Called To The Mat For Facebook’s $22 Billion Acquisition Of WhatsAppThe integration of WhatsApp technology with Facebook led to a $122 million fine against Facebook by antitrust regulators in the European Union. Now, U.S. lawmakers are using that case to show how Zuckerberg flouts regulators. His coo tried to give me a 1,000,000 on his behalf today. So old Zuck is out of 122 dollars in billionaire dollars lol They have this law in Europe, too?
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