US House panel reschedules its ‘Big Tech’ CEO hearing for Wednesday

Tech Titans

A congressional hearing on digital marketplace competition featuring the Chief Executive Officers of the biggest American technology companies has been rescheduled for Wednesday, a House subcommittee stated on Saturday.

KEY POINTS:

  • Congressional hearing, which will feature the CEO’s of the leading platform businesses has been postponed to Wednesday
  • The hearing will feature the CEO’s from Facebook Inc, Amazon.com, Alphabet and Apple Inc

The Chief Executives of Facebook, Amazon.com, Google and Apple were to have surfaced on Monday prior to the House Antitrust Subcommittee. However, the hearing was postponed for the lying in state at the Capitol Building of this late Representative John Lewis, an icon of the civil rights movement.

A subcommittee statement issued on Saturday said the session would be held on Wednesday and that witnesses and members might appear in person or virtually.

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All four platform business Chief Exec’s, namely Jeff Bezos of Amazon, Tim Cook of Apple, Sundar Pichai of Alphabet and Mark Zuckerberg of Facebook – would appear virtually, the statement said.

The subcommittee of this Democratic-led House Judiciary Committee is investigating whether the firms actively attempt to impact and eliminate smaller competitors in order to protect their market dominance.

“Given the central role these corporations play in the lives of the American people, it is critical that their CEO’s are forthcoming,” Judiciary Committee Chairman Jerrold Nadler and David Cecilline, the subcommittee chairman, said in a joint announcement.

MARKET DOMINANCE

The Chief Executives are predicted to divert criticism of the use of market power to damage opponents by saying they face rivalry both at home and from international competitors; and from debunking claims which highlight their dominance on the sectors.

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The team at Platform Executive hope you have enjoyed this news article. Initial reporting via our content partners at Thomson Reuters. Reporting by Jonathan Landay. Editing by Steve Orlofsky.

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