Four big tech titans – Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Google’s Sundar Pichai and Apple’s Tim Cook – will testify before the House Judiciary’s antitrust subcommittee on Wednesday.
The “Online Platforms and Market Power, Part 6: Examining the Dominance of Amazon, Apple, Facebook and Google” hearing begins at 12:00 p.m. EDT.
CEOs testify as the House panel concludes its year-long investigation into market dominance in the industry.
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None of the four CEOs will be physically present on Capitol Hill – all will testify via a video link. For Bezos, this will be the first time he has testified before Congress.
In his testimonial, Bezos will describe how he founded Amazon 26 years ago “with the long-term mission of making it the most customer-centric company on the planet,” according to a testimonial posted on the sub’s website. – House judicial antitrust committee.
“It is no accident that Amazon was born in this country,” Bezos will say, according to his prepared statement. “More than any other place on Earth, new businesses can start, grow and prosper here in the United States. Our country shows ingenuity and autonomy, and it includes builders who are starting from scratch. ”
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Meanwhile, Facebook’s Zuckerberg will describe how social networking is part of an industry that has changed the world. “We face intense competition on a global scale and we only succeed when we build things that people find valuable,” he said, according to testimony posted on the subcommittee’s website. “I am proud that we are standing up for American values such as giving everyone a voice and expanding access to opportunity.”
Big Tech has come under intense scrutiny in recent years amid privacy concerns, alleged political bias, and violation of antitrust laws.
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The chairman of the House Judiciary Subcommittee, Representative David Cicilline, DR.I., called the four companies monopolies. In 2019, he called on the FTC to investigate Facebook. “Based on everything we’ve learned recently about Facebook’s predatory behavior, it’s clear that serious enforcement is long overdue,” he said in a statement.
Cicillin, however, believes that breaking up big tech companies should be a last resort, according to the Associated Press.
Big Tech critics are keen to see lawmakers crack down on the tech titans. “There is nothing about the Internet being a relatively new technology that should mystify lawmakers – the tools these companies use to assert and protect their dominance have been in monopoly textbooks for generations. Getting these companies off their feet is a simple matter of will and requires action by the one force more powerful than they – the government, acting on behalf of the public, ”said David Segal, co-chair of the activist group Freedom From Facebook & Google, in an e-mailed statement to Fox News. “We hope that tomorrow’s hearing will be an important step in this process. ”
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Facebook and Google are “two of the most dangerous monopolies in the world,” according to Freedom from Facebook and Google. “We can break their power and put rules in place for these companies to serve us, rather than the other way around,” he says.
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Most Americans think social media companies have too much power and influence in politics, according to a recent survey by the Pew Research Center.
According to the study, which was conducted between June 16 and 22, 72% of American adults polled said social media companies wield too much power and influence. “The majority of Republicans and Democrats believe that social media companies wield too much power, but Republicans are particularly likely to express this point of view,” the Pew Research Center said in a statement.
Christopher Carbone, Gillian Turner, Ashley Cozzolino, Brooke Crothers and Associated Press of Fox News contributed to this article. Follow James Rogers on Twitter @jamesjrogers