The CEOs of Apple, Google, Facebook, and Amazon are set to testify before Congress in a historic antitrust hearing. Here’s what’s at stake for each company.

The CEOs of four tech giants will appear before Congress on Wednesday, where they’ll have to defend their companies’ growing power to skeptical lawmakers.

Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg, and Sundar Pichai of Alphabet, which owns Google and YouTube, will testify as part of an ongoing investigation by the House Judiciary’s Antitrust subcommittee into the dominance of digital platforms.

Since June, the subcommittee has held hearings with smaller competitors, which have testified over the alleged monopolistic practices of these giants. Now, all four tech titans will appear together to answer questions based on the committee’s findings.

The hearing is scheduled for Wednesday at noon ET, after it was postponed from Monday due to a memorial for the late Rep. John Lewis. 

Source: Business Insider (2020)

Share on facebook
Share on Facebook
Share on linkedin
Share on LinkedIn
Thank you! Your subscription has been confirmed. You'll hear from us soon.