Facebook in Talks for Sandberg to Testify to House Next Month By Joe Light and Elizabeth Dexheimer
Facebook Inc. is negotiating with a key congressional committee for Chief Operating Officer Sheryl Sandberg to testify as soon as next month, people familiar with the talks said, amid questions about the social media giant’s market power and its plans for a digital cryptocurrency called Libra.
Sandberg is expected to appear at a hearing as soon as late October, but officials are still negotiating the details with the House Financial Services Committee, the people said. It’s possible the hearing could slip to later in the year, one of the people said.Sandberg’s appearance would follow July hearings with Facebook executive and Libra co-creator David Marcus, who faced sharp questions from House and Senate panels on whether Facebook could be trusted to create a cryptocurrency and whether Libra might be used for nefarious purposes.
The discussions are taking place as the social media giant is facing questions about its market power and its plans for a digital cryptocurrency called Libra.