The CEOs of four of the largest technology companies in the world have agreed to appear before a congressional panel later this month.
Jeff Bezos of Amazon, Tim Cook of Apple, Sundar Pichai of Google, and Mark Zuckerberg of Facebook will face questioning from lawmakers in Washington on July 27 at noon.
“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 Chairman Jerrold Nadler (D-N.Y.) and Antitrust Subcommittee Chairman David Cicilline (D-R.I.) 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.”
The hearing is part of the Judiciary Committees probe of competition in the digital marketplace.
Lawmakers have been looking into the issue since last year.
Nadler, Cicilline, and Rep. Jim Sensenbrenner (R-Wis.), the ranking member of the Antitrust Subcommittee, in September 2019 sent document requests to the four tech companies as part of the probe.
“The documents requested will provide the Committee with a better understanding of the degree to which these intermediaries enjoy market power, how they are using that market power, whether they are using their market power in ways that have harmed consumers and competition, and how Congress should respond,” Nadler said at the time.
The investigation is focusing on documenting competition problems in digital markets, examining whether dominant firms are engaging in anti-competitive conduct, and assessing whether existing antitrust laws, competition policies, and current enforcement levels are adequate to address these issues.
The investigation isnt linked to the Trump administrations efforts to curb the power of social media platforms, which are shielded from most liability under Section 230 of the Communications Decency Act.
Those efforts are opposed by Nadler, who said in May that Trump was wasting taxpayer dollars dealing with “internet companies who are finally trying to address misinformation on their platforms.”
Twitter in particular has increasingly become involved in poRead More From Source