Press Release

Open Markets Denounces Ineffective $5 Billion FTC Settlement With Facebook, Calls on Congress to Investigate the FTC

The Federal Trade Commission Didn’t Question Facebook CEO Mark Zuckerberg or Require an Admission of Guilt from the Company

Washington, D.C. — The Open Markets Institute denounces the Federal Trade Commission’s (FTC) official $5 billion settlement with Facebook. Even as the FTC’s complaint alleges that Facebook committed major privacy violations, the FTC still failed to question Mark Zuckerberg and has not required an admission of guilt by the corporation, protecting Facebook from legal liability.

Open Markets reiterates its call for Congress to investigate the FTC’s failure to police our markets and enforce the law. Congress should no longer tolerate the FTC’s failures as an enforcer to protect our democracy, which have led to its crisis of legitimacy.

For more information:

FTC’s $5 Billion Facebook Fine “Woefully Insufficient”; The Rule of Law Is In the Hands of State Attorneys General like D.C.’s Karl A. Racine

Press Contact: Stella Roque at Open Markets Institute, [email protected]