WASHINGTON, July 24 — The chief executives of four of the largest US tech companies plan to deflect criticism next week in a Congressional hearing into their use of market power to hurt rivals by saying they themselves face competition and by debunking claims they are so dominant. The CEOs of...
Friday, 24 Jul 2020 07:44 AM MYT
The CEOs of Facebook, Amazon.com Inc, Alphabet’s Google and Apple, are set to speak before the House Judiciary Committee’s antitrust panel on July 27. They will present their testimonies virtually, according to sources familiar with their plans. Many tech lobbying groups say the hearing is unlikely to address core antitrust issues or bring new information to the table, however.
He is also expected to talk about small sellers on its third-party marketplace platform and “how they have continued to thrive despite competition from Amazon,” the source added. Amazon has come under scrutiny on how it uses data from small sellers to benefit its own business.
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