Antitrust Hearing: Mark Zuckerberg, Jeff Bezos, Tim Cook & Sundar Pichai to Defend the Tech Giants They Built as US Success Stories
On Wednesday, Mark Zuckerberg, Jeff Bezos, Tim Cook and Sundar Pichai -- the CEOs of Facebook, Amazon, Apple and Google-owned Alphabet are scheduled to sit before the House Judiciary Subcommittee on Antitrust.
Washington, July 29: On Wednesday, Mark Zuckerberg, Jeff Bezos, Tim Cook and Sundar Pichai -- the CEOs of Facebook, Amazon, Apple and Google-owned Alphabet are scheduled to sit before the House Judiciary Subcommittee on Antitrust. The leaders will defend the giants they built, painting them as US success stories in a fiercely competitive world during the major antitrust hearing, according to an AFP update
As per a CNBC report, the subcommittee is expected to examine Facebook’s market share of social media, including its ownership of WhatsApp and Instagram, along with its co-dominance of digital media advertising with Alphabet’s Google. The body is also expected to probe Apple’s control over applications through its App Store policies and Amazon’s stifling of competition by leveraging third-party merchant data to champion its own products.
Major Antitrust Hearing on Wednesday:
Zuckerberg to tell antitrust hearing Facebook is 'proudly American,' urged US authorities to update 'rules for the internet'.
Amazon's Bezos said that he would accept antitrust scrutiny of Amazon 'success' story.
The CEOs of four of the most powerful companies in the world will testify remotely at the hearing, which comes less than 100 days before the US election.
(The above story first appeared on LatestLY on Jul 29, 2020 08:11 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).