Sen. Warren: Facebook is not above the law

WASHINGTON, DC - OCTOBER 26: (L-R) U.S. Sens. Elizabeth Warren (D-MA) and Ron Wyden (D-OR) speak to reporters about a corporate minimum tax plan at the U.S. Capitol October 26, 2021 in Washington, DC. The senators detailed a plan that would levy a 15% minimum corporate tax on declared incomes of large corporations and say it could help fund the Biden administration

WASHINGTON, DC - OCTOBER 26: (L-R) U.S. Sens. Elizabeth Warren (D-MA) and Ron Wyden (D-OR) speak to reporters about a corporate minimum tax plan at the U.S. Capitol October 26, 2021 in Washington, DC. The senators detailed a plan that would levy a 15% minimum corporate tax on declared incomes of large corporations and say it could help fund the Biden administration's social policy spending plan that Democrats are currently negotiating. (Photo by Drew Angerer/Getty Images)

WASHINGTON, D.C. – OCTOBER 26: (L-R) U.S. Sens. Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.) speak to reporters about a corporate minimum tax plan at the U.S. Capitol October 26, 2021 in Washington, D.C. (Photo by Drew Angerer/Getty Images)

SRDTF News
UPDATED 7:46 PM PT – Thursday, December 9, 2021

Senate Democrat Elizabeth Warren (Mass.) has urged federal regulators to launch a probe into Facebook. On Thursday, Warren sent a letter to the U.S. Department of Justice and Securities and Exchange Commission, asking them to investigate whether the platform’s parent company, Meta, misled investors and advertising customers.

Additionally, her colleague, Washington Sen. Maria Cantwell (D-Wash.), sent a letter to the Federal Trade Commission (FTC) on Wednesday in regards to the same issue. She said “a thorough investigation by the Commission and other enforcement agencies is paramount, not only because Facebook and its executives may have violated federal law, but because members of the public and businesses are entitled to know the facts regarding Facebook’s conduct.”

Public information provided by Facebook whistleblower, Frances Haugen, has suggested the company allegedly deceived its customers about brand safety and advertising metrics, which is a federal crime. Facebook reportedly controlled nearly 75 percent of the social media market in 2020, causing the White House to crack down on the tech giant.

MORE NEWS: Biden Vows To Fund, Protect Journalists Worldwide

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
SRDTF News
Logo