The heads of several of the largest U.S. technology companies are heading to Congress on Wednesday at 9 a.m., PT before noon to testify in the Antitrust Subcommittee of the Court Courts. Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Alphabet and Google CEO Sundar Pichai and Facebook CEO Mark Zuckerberg are scheduled to appear.
Hearing wasthat Washington could mourn John Lewis, a Democrat and civil rights leader who died on July 17. from pancreatic cancer.
The hearing will discuss the subcommittee̵7;s “ongoing study on competition in the digital market”. All companies have significant influence over their markets, and it is reported that each has a dedicated Department of Justice or a coalition of state attorneys general.
“Since June last year. The subcommittee is examining the dominance of a small number of digital platforms and the adequacy of existing antitrust laws and enforcement, “said Jerrold Nadler, chairman of the Court’s Judicial Committee, and David Cicilin, antitrust chairman, in a joint statement.
“Given the important role these corporations play in the lives of the American people, it’s very important that their leaders come. As we’ve said from the beginning, their testimony is critical to us completing this investigation.”
All four executives began preparing their antitrust defenses on Tuesday night, each publishing their introductory remarks. You can.
A few hours before your hearing starts, here’s how you can follow.
When do you listen?
The hearing is scheduled for Wednesday, July 29, at 9 a.m., PT / noon. It is unclear how long the process will take.
Where does the court hearing take place?
A meeting is currently scheduled for the Rayburn House office building in Washington.
Will executives show up in person?
At the hearing, the attached press release stated that “under the current rules of the Court, witnesses and members are actually allowed to appear”. Given the ongoingLeaders are expected to appear remotely during a pandemic.
How can I watch?
The House Subcommittee will broadcast the hearing on its YouTube channel. It will also be broadcast on cable channels such as C-SPAN.
Why is this important?
No matter what you do online, you are probably affected by at least one or more of these companies in a fairly large way.
Apple and Google own and operate the two most popular mobile operating systems in the world IOS Apple App Store and Android Google Play Store.
In recent months, Apple has faced growing antitrust issues due to its App Store practicesand
Amazon has a well-known e-commerce name and makes its own products, some of which compete with other online store sellers. This potential additional data held by Amazon came under fire following a Wall Street Journal report detailing how Amazon used such data to help determine pricing, determine which features to include, and decide if it’s even worth it. get involved in the product category.
Following the publication of the History of the Journal,.
Google and Facebook, in addition to operating on the country’s most popular search engine and social network, respectively, dominate the majority of the digital advertising market.
Google has been moderated, with the DOJ is expected to file its lawsuit this summer.
Facebook revealed last year that the Federal Trade Commission had launched an investigation into the company’s purchases on Instagram and WhatsApp and whether they were intended to stifle competition. In addition to Zuckerberg’s performance before Congress, he and COO leader Sheryl Sandberg.