قالب وردپرس درنا توس
Home / Business / Antitrust Hearings: Leaders of Amazon, Facebook, Google and Apple are answering questions from lawmakers

Antitrust Hearings: Leaders of Amazon, Facebook, Google and Apple are answering questions from lawmakers



Now the leaders of these companies are ready to testify before lawmakers on Wednesday at the largest such hearing since Bill Gates Microsoft went to Washington in 1998. Although most leaders have spoken to Congress before, they have never faced the situation. just like this. All four will testify next to each other – and during the pandemic turn, they will all actually take part in the hearing using the Cisco WebEx conference platform. The hearing begins at noon.

Expect lawmakers to be able to forward companies with particularly specific questions about their business based on documents and other evidence gathered during the 1

3-month survey. Among other things, Amazon is closely monitored for the use of vendor data; Apple, through the application store policy; Facebook, for the strategy of acquisition and dominance in advertising on the Internet; and Google for its own search and advertising practices. For their part, companies must claim to have helped many entrepreneurs and small businesses, and made America a leader in innovation amid increased competition from China.

Congress is going to get the world's most powerful technical leaders.  Here's what to expect
The grand event has all the possibilities for a spectacle. But any fireworks will simply reflect the basic rates for these technical titans, who face many probes regulators at the federal and state levels, as well as abroad. These investigations can lead to lawsuits, fines or other consequences for what has become the largest, richest corporation in the world.

Technology companies are expected to play on the benefits they have given American businesses and consumers and point to the competitive threat posed by China. A copy of Zuckerberg’s testimony obtained by CNN shows that Facebook’s founder claims that unlike China and its vision of the Internet, which is “focused on very different ideas,” Facebook has succeeded “the American way: we started from scratch and provided better products that people consider it valuable. “

Each of the certifying managers will come with different experience working with legislators. Apple’s Tim Cook testified in 2013, before the reaction against technology really lasted, and went largely intact – discussing with lawmakers the most precise points of global tax policy. The current CEO of Alphabet, Sundar Pihai, was under a lot of pressure during hearings covering Google data practices and claims of political bias by the Judicial Chamber Committee in late 2018. the company’s experience in privacy.

Mackenzie Scott, formerly Bezos, says she has so far allocated $ 1.7 billion of her fortune
However, among the four CEOs, much of the general public’s attention is likely to go to Jeff Bezos Amazon. The richest man in the world has never testified before Congress. Indeed, it is rare to see Bezos interviewed in an unwritten or unfriendly environment, which makes many wonder how he is likely to perform under interrogation.

With regard to Congress, the hearing is likely to lead to a report by the Judicial Committee of the Chamber of Antitrust and subsequent possible legislation on the processing of technology or to a revision of national competition law.


Source link