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.

Reported by: Sounak Mitra
Follow: Google News Icon
  • share
null | Image: self
Advertisement

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.

Advertisement

RE: Facebook, Google, Amazon And Apple CEOs To Testify Before US Congress

RE: Zuckerberg, Bezos, Or Tech CEOs Testify On Competition

Advertisement

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. 

Advertisement

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) 

Advertisement

RE: Stocks Climb Worldwide As CEOs Prepare Latest Report Cards

RE: Portuguese Energy Firms Replace CEOs Amid Corruption Probe
 

Advertisement

05:51 IST, July 30th 2020