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Home / Business / Technical antitrust negotiations: Amazon, Facebook, Google and Apple CEOs to answer questions from lawmakers

Technical antitrust negotiations: Amazon, Facebook, Google and Apple CEOs to answer questions from lawmakers



The CEOs of these companies are now witnessing lawmakers on Wednesday at the largest hearing of its kind since Microsoft’s Bill Gates left for Washington in 1998. While most executives have already appeared before Congress, they have never been very pleased with the situation. All four will testify to each other – and in a pandemic crisis, they will all attend the hearing using the Cisco WebEx conference platform. The hearing starts at 12.00.

Expect lawmakers to justify companies with very specific questions about their business based on documents and other evidence gathered in a 13-month survey. Among other things, Amazon is under the supervision of the use of vendor data; Apple, in connection with its app store policies; Facebook for its acquisition strategy and dominance in online advertising; and Google, for their own search and advertising practices. Companies are expected to claim to have helped countless entrepreneurs and small businesses, and have made America a leader in innovation with increasing competition from China.

The congress is going to grill the most powerful technology directors in the world.  Here's what to expect
The high-profile event has all the prerequisites for a performance. However, any fireworks will simply reflect the basic proportions for these technological titans, who face multiple regulatory probes at the federal and state levels, as well as overseas. These investigations could lead to lawsuits, fines or other consequences for what has become the largest and richest companies in the world.

Technology companies are expected to take advantage of the benefits they have given to US businesses and consumers and point to the competitive threat posed by China. A copy of Zuckerberg’s testimony from CNN shows that the founder of Facebook will claim that, unlike China and its vision for the Internet, which is “focused on very different ideas”, Facebook came to its success “in the American way: we started with nothing and provided better products that people consider valuable. “

Each of the verifiers comes with legislators with different experiences. Apple’s Tim Cook resigned in 2013, before the will for technology really manifested itself and left largely unscathed – they discussed the finer points of global tax policy with lawmakers. Today’s Alphabet CEO, Sundar Pichai, proved to be comfortable during a hearing on Google’s data practices and political prejudice allegations held by the Parliamentary Judicial Committee at the end of 2018. company history in the field of privacy protection.

MacKenzie Scott, formerly of Bezos, says it has so far distributed $ 1.7 billion of its wealth
Of the four CEOs, however, Jeff Bezos’s Amazon is likely to get a lot of public attention. The richest man in the world never testified before Congress. It is really rare to see a conversation with Bezos in an unencrypted or hostile environment, which leads many to think about how he is likely to act during the interrogation.

As for Congress, the hearing is likely to lead to a report by the House Judiciary Committee, followed by possible legislation to support the technical industry or revise national competition law.


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