Sheryl Sandberg, chief working officer of Facebook Inc., speaks throughout a Senate Intelligence Committee hearing on Wednesday.
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Representatives from 4 of the massive 5 tech firms — Apple, Amazon, Google and Facebook — will appear earlier than the House Antitrust Subcommittee on July 16 for a hearing on “dominant platforms and innovation,” the subcommittee introduced Tuesday.
The 4 large tech firms are every sending coverage executives to testify earlier than the subcommittee. They embrace:
- Google’s Director of Economic Policy Adam Cohen
- Amazon’s Associate General Counsel Nate Sutton
- Facebook’s Head of Global Policy Development Matt Perault
- Apple’s Chief Compliance Officer Kyle Andeer
In a launch saying the hearing the subcommittee stated it will “examine the impact of market power of online platforms on innovation and entrepreneurship.” Experts comparable to Columbia Law School professor Tim Wu.
The hearing comes because the FTC and and DOJ are stated to be trying into giant tech firms as they construct a possible antitrust case. Shares of Amazon, Facebook and Google’s mum or dad firm Alphabet all dropped earlier final month following a string of reviews that stated the companies had been making ready antitrust probes into the businesses.
Meanwhile, regulation and a possible breakup of the most important tech firms has was a marketing campaign concern for the 2020 presidential election. Most notably, Sen. Elizabeth Warren has referred to as for Apple, Alphabet, Amazon and Facebook to all be damaged up.
https://www.cnbc.com/2019/07/09/google-amazon-facebook-apple-to-appear-at-antitrust-house-hearing.html