Miss Zomboko
JF-Expert Member
- May 18, 2014
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Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Sundar Pichai, CEO of Google parent Alphabet, are set to testify before the House Antitrust Subcommittee on Wednesday.
The testimony will give an indication of how the companies are quietly fighting antitrust arguments from regulators who can break them up, what commitments they’re willing and unwilling to make while under oath and how likely bipartisan antitrust reform really is.
For one thing, it will be held over video conferencing software due to pandemic-related precautions, eliminating the optics of the four executives being sworn in before an elevated panel of lawmakers. And with 1.3 million documents already obtained from the companies, the testimony is unlikely to include any bombshells.
Regardless of how well-practiced the CEOs are when they take the witness stand, their testimonies will offer an important insight: how they are handling antitrust challenges from regulators with the authority to break them up.
The House Judiciary Committee’s probe into Big Tech is expected to end with a report and legislative proposals about how to update the antitrust laws to respond to new challenges posed by the digital marketplace. Those laws, if enacted, could have far-reaching and lasting effects on how federal and state regulators crack down on anti-competitive practices in the future.
https://www.cnbc.com/2020/07/28/tech-antitrust-hearing-preview.html
The testimony will give an indication of how the companies are quietly fighting antitrust arguments from regulators who can break them up, what commitments they’re willing and unwilling to make while under oath and how likely bipartisan antitrust reform really is.
For one thing, it will be held over video conferencing software due to pandemic-related precautions, eliminating the optics of the four executives being sworn in before an elevated panel of lawmakers. And with 1.3 million documents already obtained from the companies, the testimony is unlikely to include any bombshells.
Regardless of how well-practiced the CEOs are when they take the witness stand, their testimonies will offer an important insight: how they are handling antitrust challenges from regulators with the authority to break them up.
The House Judiciary Committee’s probe into Big Tech is expected to end with a report and legislative proposals about how to update the antitrust laws to respond to new challenges posed by the digital marketplace. Those laws, if enacted, could have far-reaching and lasting effects on how federal and state regulators crack down on anti-competitive practices in the future.
https://www.cnbc.com/2020/07/28/tech-antitrust-hearing-preview.html
