January 17, 2021
Zuckerberg, Bezos, Cook and Pichai antitrust hearing likely to be delayed
News

Zuckerberg, Bezos, Cook and Pichai antitrust hearing rescheduled for Wednesday

unicoatingsby unicoatings


gettyimages-1177753363

Facebook CEO Mark Zuckerberg testifying before a Congressional House Financial Services Committee in 2019. 


NurPhoto/Getty

Wednesday should be a historic day. Mark Zuckerberg, Jeff Bezos, Tim Cook and Sundar Pichai — the CEOs of Facebook, Amazon, Apple and Google-owned Alphabet — are scheduled to sit before the House Judiciary Subcommittee on Antitrust. The hearing, which was initially scheduled for Monday, has been rescheduled for 12 p.m. ET, as Axios first reported on Saturday morning. 

A scheduling conflict was to blame for the delay. The late John Lewis, a Democratic representative and civil rights leader who died last week of pancreatic cancer, will lie in state in the Capitol Rotunda on Monday, it was announced on Thursday.

Months in the making, the antitrust hearing aims to have four of the most powerful CEOs in tech defend accusations of monopolistic behaviors. All four tech giants have faced scrutiny over the past year from lawmakers and regulators, who not too long ago looked at Silicon Valley in a far more positive light. Now officials are raising concerns about these companies’ growing dominance in the market, which could be squashing competition. 

“Since last June, the subcommittee has been investigating the dominance of a small number of digital platforms and the adequacy of existing antitrust laws and enforcement,” House Judiciary Committee Chairman Jerrold Nadler and Antitrust Subcommittee Chairman David Cicilline said in a joint statement. “Given the central role these corporations play in the lives of the American people, it is critical that their CEOs are forthcoming. As we have said from the start, their testimony is essential for us to complete this investigation.”

During a committee hearing in January, smaller tech firms complained about unfair business practices from the tech giants. Sonos CEO Patrick Spence told lawmakers that Google tried to restrict his company’s innovations and wanted insights into Sonos’ future product plans. Sonos sued Google, claiming the company stole its wireless speaker technology. David Barnett, CEO of PopSockets, blasted Amazon for ignoring issues about counterfeit that he’d raised for months, bullying him to lower his prices.

“There’s such a dominant power that exists with these companies that really even as a company of our size you feel like you have no choice,” Spence said.

The process of getting all four CEOs in front of the committee was not without drama. Cicilline in May threatened to subpoena Bezos to appear at the antitrust hearing after sending an open letter to Bezos calling for his testimony. Bezos agreed to appear in June.

The hearing will stream live here.

CNET’s Richard Nieva and Michelle Meyers contributed to this report.



Source link

unicoatings

unicoatings

View all posts by unicoatings →

You might also like

2020 Mercedes-Benz GLC 300: Small changes, big improvement - Video

2020 Mercedes-Benz GLC 300: Small changes, big improvement – Video

Animal Crossing: New Horizons is getting a Bunny Day egg hunt in April

Animal Crossing: New Horizons is getting a Bunny Day egg hunt in April

Adobe Photoshop Elements 2021 adds new portrait features and moving photos

Adobe Photoshop Elements 2021 adds new portrait features and moving photos

86 thoughts on “Zuckerberg, Bezos, Cook and Pichai antitrust hearing rescheduled for Wednesday”

  1. I know this if off topic but I’m looking intostarting my own weblog and was wondering what all is needed to get setup?I’m assuming having a blog like yours would cost a pretty penny?I’m not very internet savvy so I’m not 100 positive.Any recommendations or advice would be greatly appreciated.Appreciate it

    Reply

  2. Its like you read my mind! You seem to know so much about this, like you wrote thebook in it or something. I think that you could do with some pics to drive the message homea little bit, but instead of that, this is magnificent blog.A great read. I’ll definitely be back.

    Reply

  5. I was suggested this web site by my cousin. I’m not sure whether this postis written by him as no one else know such detailed about myproblem. You’re amazing! Thanks!

    Reply

  6. I believe what you published made a bunch of sense.However, what about this? suppose you were to write a awesome headline?I am not suggesting your content is not good., but whatif you added a post title that makes people want more?I mean Hire Joomla Developers Economically – AllCADSolutions is a little plain. You could glance at Yahoo’s front page and note how they create posttitles to grab viewers interested. You might adda video or a picture or two to grab people interested about everything’ve written. Just my opinion, it could make your websitea little bit more interesting.

    Reply

  8. I was wondering if you ever considered changing the layout of yourblog? Its very well written; I love what youve got to say.But maybe you could a little more in the way of content so people could connect with it better.Youve got an awful lot of text for only having one or 2 images.Maybe you could space it out better?

    Reply

  14. An impressive share! I have just forwarded this onto a colleague who had been doing a littleresearch on this. And he in fact bought me breakfastdue to the fact that I stumbled upon it for him… lol. So allow me to rewordthis…. Thanks for the meal!! But yeah, thanx for spending time to discuss this issuehere on your site.

    Reply

  20. What i don’t understood is in truth how you’re no longerreally a lot more neatly-liked than you may be right now.You’re so intelligent. You know thus significantly on the subjectof this topic, made me in my view consider it from a lot of various angles.Its like women and men don’t seem to be fascinated except it’s something to accomplish with Woman gaga!Your individual stuffs excellent. All the time handle it up!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *