{"id":595,"date":"2020-07-29T08:09:54","date_gmt":"2020-07-29T08:09:54","guid":{"rendered":"https:\/\/businessner.com\/?p=595"},"modified":"2020-07-29T08:09:54","modified_gmt":"2020-07-29T08:09:54","slug":"antitrust-hearing-top-u-s-tech-companies","status":"publish","type":"post","link":"https:\/\/businessner.com\/antitrust-hearing-top-u-s-tech-companies\/","title":{"rendered":"Antitrust Hearing of the Top U.S Tech Companies: Here’s What You Need to Know"},"content":{"rendered":"

Mark Zuckerberg, the CEO of Facebook will appear before a Congressional leader subcommittee<\/a> on Wednesday for an antitrust hearing along with the CEOs of Apple, Alphabet Inc, and Amazon.com Inc.<\/p>\n

\"Antitrust
Mark Zuckerberg, the CEO of Facebook will appear before a Congressional leader subcommittee on Wednesday<\/figcaption><\/figure>\n

Mr. Zuckerberg will discuss the recent competition in the U.S technology sector since he has been allegedly accused of antitrust issues for recent Facebook acquisitions. He will also warn the committee about a possible influence of China in the U.S technology industry.<\/p>\n

We believe in values — democracy, competition, inclusion and free expression — that the American economy was built on \u2013 Mark Zuckerberg<\/strong><\/p><\/blockquote>\n

Zuckerberg positioned the antitrust issue as a geopolitical event. He explains how China is making its version of everything from the Internet to Apps and exporting the ideologies to other countries. Already India decided to ban Chinese apps to reduce the tech influence in the region.<\/p>\n

So Mr. Zuckerberg will call for \u201crules for the internet\u201d to the Congressional leaders to make the tech companies understand what they can do to make less harm to the society.<\/p>\n

Year-long Investigation on the tech industry antitrust issues<\/h2>\n

The subcommittee has been dealing with the anti-competitor behavior of the tech giants for some time now. They\u2019ve already recorded hundreds of hours of interviews and millions of documents<\/a> during the yearlong investigation.<\/p>\n

\"Antitrust
Rep. Alexandria Ocasio-Cortez (D-NY) during a hearing<\/figcaption><\/figure>\n

The investigation is focused on the four top U.S Companies<\/a> Google, Facebook, Apple, and Amazon. Following issues will dominate the investigation-<\/p>\n