The FTC is reportedly considering deposing Mark Zuckerberg and Sheryl Sandberg in its antitrust investigation into Facebook (FB)

* The FTC is considering deposing Mark Zuckerberg and Sheryl Sandberg in its Facebook antitrust probe. * The federal agency is looking at whether Facebook has acted anti-competitively. * The WSJ reports that the FTC is now mulling demanding sworn testimony from Facebook's top two leaders. Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg may be directly grilled by federal investigators looking at whether the social media giant has acted anticompetitively. According to a new report from The Wall Street Journal on Friday, the Federal Trade Commission is considering deposing the two top Facebook executives in its antitrust probe into the company. Facebook dominates the social media landscape in the United States, and the FTC has been investigating since mid-2019 whether its practices fall foul of anti-monopoly laws. The company is known for aggressively buying up competitors — key business units Instagram, WhatsApp, and Oculus all started life as independent companies — and the FTC is looking at its past acquisitions as part of its investigation. It's not immediately clear what the timeframe might be for Zuckerberg and Sandberg to give sworn testimony, if the FTC does decide to push ahead with this approach, or if Facebook might attempt to prevent it. Reached for comment by Business Insider about The WSJ's report, a Facebook spokesperson said the company was looking forward to an upcoming congressional hearing where Zuckerberg is scheduled to appear to discuss antitrust issues. "We look forward to sharing our views about the competitive landscape, along with other technology leaders, during this month's Congressional hearing, while also demonstrating for enforcement agencies that our innovation provides more choices for consumers," they said in a statement. An FTC spokesperson declined to comment. Got a tip? Contact Business Insider reporter Rob Price via encrypted messaging app Signal (+1 650-636-6268), encrypted email (robaeprice@protonmail.com), standard email (rprice@businessinsider.com), Telegram/Wickr/WeChat (robaeprice), or Twitter DM (@robaeprice). We can keep sources anonymous. Use a non-work device to reach out. PR pitches by standard email only, please. Join the conversation about this story » NOW WATCH: The rise and fall of Donald Trump's $365 million airline
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PayPal parts with top advertising executive after shifting its marketing strategy during the pandemic

* PayPal's chief creative officer Steve Simpson, its top advertising executive, left the company after about a year. * The move came after PayPal shifted its marketing strategy during the coronavirus pandemic, placing less emphasis on the brand and more on catering to small businesses, said a source with direct knowledge of the marketing operation. * Simpson's departure followed that of CMO and former Apple executive Allison Johnson in May. Both "decided to leave PayPal" as the company streamlines its global marketing functions, according to a PayPal spokeswoman. * Visit Business Insider's homepage for more stories. PayPal's highest-ranking ad executive Steve Simpson left earlier this month after just over a year as part of a restructuring of its global marketing business. Simpson, who was chief creative officer, was hired to make high-minded ad campaigns to help PayPal stand out from competitors like Square, Stripe, and Apple Pay. But this strategy chan...

TikTok confirms it will sue the US government, alleging Trump failed to provide 'due process' before issuing ban

* TikTok confirmed Saturday that the company planned to sue the US government over President Donald Trump's executive orders targeting the popular app. * A company spokesperson said TikTok experienced "a lack of due process as the administration paid no attention to facts and tried to insert itself into negotiations between private businesses." * TikTok, which has surged in popularity over the past year, was known as Musical.ly until it was purchased by the Chinese company ByteDance in 2017 and renamed. * The president on August 6 and August 14 signed executive orders targeting TikTok. * Visit Business Insider's homepage for more stories. TikTok on Saturday announced it plans to sue the US government over President Donald Trump's executive orders pertaining to its ownership, arguing the company was deprived of its due process rights. The president, who began targeting TikTok in July, issued an executive order August 6 making it illegal for American compani...

A pair of former champions headline UFC Fight Night: Munhoz vs Edgar — How to watch

* UFC Fight Night: Munhoz vs Edgar will be streamed live on August 22, exclusively through the ESPN+ streaming service. * In the main event, former UFC Lightweight champion Frankie Edgar will make his debut in the bantamweight division in the 27th match of his UFC career. * With 13 career wins by knockout or submission, 5th ranked Pedro Munhoz is the former Resurrection Fighting Alliance bantamweight champion and one of the UFC division's most formidible fighters. * Prelims are set to start at 6 p.m. ET and the main card is scheduled to begin at 8:30 p.m. ET. * Every UFC Fight Night event is included with an ESPN+ subscription, which costs $6.99 per month or $49.99 per year. Product Card Module: Monthly Subscription Service Card size: small Former UFC lightweight champion Frankie Edgar will make his bantamweight debut against #5 ranked Pedro Munhoz in the main event of UFC Fight Night: Munhoz vs Edgar on August 22. Munhoz has dominated opponents in his 18 career wins...

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