Published 06:39 IST, July 30th 2020
Google, Apple, Amazon, Facebook CEOs face US Congress on competition, antitrust laws
The four CEOs faced US lawmakers virtually on Wed (local time) and answer questions involving accusations, data scoop, and unfair market advantage.
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Four Big Tech CEOs -- Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Google's Sundar Pichai, and Apple's Tim Cook -- faced US Congress over ir organisations' practices as House caps its yearlong investigation on market dominance in tech sector.
According to reports, four CEOs faced US lawmakers virtually on Wednesday (local time) in Washington and answer questions involving accusations, data scoop, and unfair market vant.
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Antitrust hearing
As per reports, critics have accused se companies of becoming powerful by gobbling up scores of rivals, stifling competition and invation, and raising prices for consumers.
four CEOs are scheduled to testify for a hearing by House Judiciary subcommittee on antitrust. According to reports, Facebook, Google, Amazon, and Apple leers will be testifying before US Congress in a four-hour grilling question-answer session.
This will be first time big-four tech companies will be testifying toger to answer lawmakers on antitrust laws. According to reports, CEOs will also be questioned on mopolisation of digital market by top tech companies such as irs.
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four tech companies have millions of customers around globe, and a combined value greater than ecomies of many nations. While Jeff Bezos is world’s richest individual; Mark Zuckerberg is fourth-ranked billionaire.
(With ncy inputs)
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05:51 IST, July 30th 2020