The leaders of several of the largest technology companies in the United States travel to Congress to testify before the House’s Subcommittee on Antitrust on Wednesday at 9:00 AM PT / 12:00 PM ET. The appearance of Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Alphabet and Google CEO Sundar Pichai as well as Facebook CEO Mark Zuckerberg are planned.
The hearing wasso that Washington could mourn John Lewis, a democratic representative and civil rights activist who died of pancreatic cancer on July 1
The hearing is about the “ongoing investigation of competition in the digital market” by the subcommittee. All companies have a significant impact on their markets, and each company is reportedly pending an investigation by the Department of Justice or a coalition of attorneys general.
“Since last June, the subcommittee has been investigating the dominance of a small number of digital platforms and the adequacy and enforcement of existing antitrust laws,” said Jerrold Nadler, chairman of the House Justice Committee, and David Cicilline, chairman of the antitrust law subcommittee .
“Given the central role these companies play in the lives of the American people, it is critical that their CEOs be available. As we said from the beginning, their testimony is critical to completing this investigation.”
All four executives began drafting their respective antitrust defenses on Tuesday evening, each of which published their opening speech. You can.
Only a few hours until the hearing begins. So you can follow.
When is the hearing?
The hearing is scheduled for Wednesday, July 29 at 9:00 p.m. PT / 12:00 p.m. ET. It is unclear how long the process will take.
Where does the hearing take place?
The hearing is currently scheduled to take place at the Rayburn House Office Building in Washington, DC.
Will the managers appear in person?
At the announcement of the hearing, the attached press release indicated that “witnesses and members may appear virtually according to applicable house rules”. Given the ongoingIn the event of a pandemic, managers are expected to appear from a distance.
How can i watch
The House subcommittee will stream the hearing on its YouTube channel. It is also broadcast on cable channels such as C-SPAN.
Why does it matter?
Regardless of what you do online, you are likely to be fairly severely affected by at least one or more of these companies.
Apple and Google operate and control the two most popular mobile operating systems in the world iOS ‘ Apple’s App Store and Android Google Play Store.
Apple has seen increasing antitrust concerns about its app store practices in recent monthsand the
Amazon has its mammoth e-commerce presence of the same name and manufactures its own goods, some of which compete with those of other sellers in its online shop. This potential additional data, which Amazon has access to, has come under fire after a Wall Street Journal report described in detail how Amazon used this data to set pricing, determine and decide which features to integrate, whether it was worthwhile to get involved in a product category.
After the journal story came out, the.
Google and Facebook not only operate the most popular search engine and the most popular social network in the country, but also dominate the majority of the market for digital advertising.
Google was underThe DOJ is expected to file its own lawsuit this summer.
Facebook announced last year that the Federal Trade Commission had launched an investigation into the company’s purchases of Instagram and WhatsApp and whether to suppress the competition. Apart from the fact that Zuckerberg appeared before the congress, he and COO were Sheryl Sandberg.