Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple — are set to answer for their companies’ practices before Congress as a House panel caps its yearlong investigation of market dominance in the industry.
of Apple — are set to answer for their companies’ practices before Congress as a House panel caps itsThe four command corporations with gold-plated brands, millions or even billions of customers, and a combined value greater than the entire German economy. One of them is the world’s richest individual ; another is the fourth-ranked billionaire .
Subcommittee chairman Rep. David Cicilline, a Rhode Island Democrat, has called the four companies monopolies, although he says breaking them up should be a last resort. While forced breakups may appear unlikely, the wide scrutiny of Big Tech points toward possible new restrictions on its power. For Bezos, who presides over an e-commerce empire and ventures in cloud computing, personal"smart" tech and beyond, it will be his first-ever appearance before Congress.
Bezos initially declined to testify unless he could appear with the other CEOs. He’ll likely face questioning over a Wall Street Journal report that found Amazon employees used confidential data collected from sellers on its online marketplace to develop competing products. At a previous hearing, an Amazon executive denied such accusation
"I understand that people have concerns about the size and perceived power that tech companies have," Zuckerberg’s statement says."Ultimately, I believe companies shouldn’t be making so many judgments about important issues like harmful content, privacy and election integrity on their own. That’s why I’ve called for a more active role for governments and regulators, and updated rules for the internet.
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