Home / Business / The antitrust hearing of Zuckerberg, Bezos, Cook and Pichai was postponed until Wednesday

The antitrust hearing of Zuckerberg, Bezos, Cook and Pichai was postponed until Wednesday



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Mark Zuckerberg, CEO of Facebook, testified before a Congress House financial services committee in 2019.

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Wednesday should be a historic day. Mark Zuckerberg, Jeff Bezos, Tim Cook and Sundar Pichai – the CEOs of Facebook, Amazon, Apple and Google-owned Alphabet – are to sit in front of the House’s Subcommittee on Antitrust. The hearing, which was originally scheduled for Monday, was postponed until noon east, as Axios reported on Saturday morning for the first time.

A planning conflict was responsible for the delay. The late John Lewis, a Democratic representative and civil rights activist who died of pancreatic cancer last week, will be in the Capitol rotunda on Monday, announced on Thursday.

Over the next few months, the antitrust hearing is expected to lead four of the most powerful technology CEOs to defend allegations of monopolistic behavior. All four technology giants were reviewed last year by lawmakers and regulators, who recently saw Silicon Valley in a far more positive light. Officials are now raising concerns about the growing dominance of these companies in the market, which could suppress competition.

“Since last June, the subcommittee has been examining 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 on Saturday. “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.”

During one Hearing of the committee in JanuarySmaller technology companies complained about unfair business practices by technology giants. Patrick Spence, CEO of Sonos, told lawmakers that Google was trying to limit his company’s innovations and wanted insights into Sonos’ future product plans. Sonos sued Googleand claimed the company stole its wireless speaker technology. David Barnett, CEO of PopSockets, beat up Amazon for ignoring counterfeiting issues he had been raising for months and harassing him to lower his prices.

“There is such a dominant power in these companies that even as a company of our size, you feel you have no choice,” said Spence.

The process of bringing all four CEOs to the committee was not without drama. Cicilline threatened in May Bezos appears at the antitrust hearing after sending one open letter to Bezos demands his testimony. Bezos agreed to appear in June.

The hearing will be broadcast live here.

CNET’s Richard Nieva and Michelle Meyers contributed to this report.


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