Skip to main content

Congress is gearing up to grill the CEOs of Facebook, Google, Amazon, and Apple in an antitrust hearing Wednesday — here's how to watch it

* Facebook's Mark Zuckerberg, Google's Sundar Pichai, Apple's Tim Cook, and Amazon's Jeff Bezos — the leaders of tech's most powerful companies — will face questions from US lawmakers in an antitrust hearing on Wednesday, according to Axios. * The House Judiciary Antitrust Subcommittee is investigating whether these firms have participated in anti-competitive business practices intended to stomp out smaller rivals and maintain their monopoly on the market. * The hearing, titled "Online Platforms and Market Power, Part 6: Examining the Dominance of Amazon, Apple, Facebook, and Google," will be available to watch via a YouTube live stream. * The CEOs will reportedly give virtual testimonies in light of the COVID-19 pandemic, which is allowed, according to the hearing notice. * Visit Business Insider's homepage for more stories. The CEOs of Apple, Amazon, Facebook, and Google are due to testify in front of Congress on Wednesday in an antitrust hearing. The House Judiciary Antitrust Subcommittee will grill the four executives at noon ET, or 9 a.m. PT, July 29 in a publicly streamed session that could potentially last for hours, according to Axios. The hearing was originally scheduled for Monday but was postponed due to the late Rep. John Lewis due to lie in state at the US Capitol this coming week. Apple and Google's operating systems have become a ubiquitous piece of technology for millions of consumers, while Facebook has largely dominated the social media space and the ad revenue opportunities therein. And Amazon has taken the retail industry by storm with its goliath e-commerce platforms. But US lawmakers are investigating whether or not these companies have used business practices to squash out smaller rising competitors, in turn keeping themselves at the top of their respective markets.  Per the subcommittee's press release, "members may participate remotely in this hearing." Anonymous sources told Reuters that the CEOs will attend virtually in light of the pandemic. Though, according to the hearing notice, it's scheduled to take place at the Rayburn House Office Building in Washington D.C. Among the lawmakers that will be questioning the tech CEOs are three that own thousands of stock in some of the tech firms being investigated, as Business Insider's Aaron Holmes reported Thursday. The hearing will be live-streamed on the House Judiciary Committee's YouTube channel. You can watch it via the embed below:   SEE ALSO: Bill Gates says today's big tech companies have learned from Microsoft's mistakes in its big antitrust battle Join the conversation about this story » NOW WATCH: Pathologists debunk 13 coronavirus myths
https://bit.ly/301fUR6

Popular posts from this blog

The 11 most important details we already know about the PlayStation 5, Sony's next-generation video game console set to arrive this year

* The PlayStation 5, Sony's next-generation game console that's deep in production, is scheduled to launch during the 2020 holiday season. * As you might expect, the PlayStation 5 is promised to be more powerful than the existing PlayStation 4 — and we've slowly been learning more about the next-gen console's new features since it was first revealed. * So far, Sony has offered a first glimpse at the new console via its new DualSense gamepad, and a tech demo highlighted the technical prowess of the new machine. * Here's everything we know so far about Sony's next-generation PlayStation console. * Visit Business Insider's homepage for more stories. The PlayStation 5 is almost here. Sony's next-generation PlayStation game console is scheduled to arrive this holiday season, but we already know plenty of details about it right now: how powerful it is, its main features, and we've even gotten a good look at its new gamepad.  Here everything we kno...
Read more

Tokyo installed see-through public toilets in a park to let people inspect their cleanliness before using them, at which point the glass turns opaque

* Two see-through bathrooms have been installed in public parks in Tokyo. * They are made from "smart glass" designed so people can see how clean they are inside before using them. The glass turns opaque when the bathroom is locked and in use. * The stalls are part of a project that is redoing 17 of the city's public bathrooms with different designers to make them more accessible and appealing. * The goal is to fight assumptions that public toilets are "are dark, dirty, smelly, and scary," said the nonprofit foundation behind the project. * Visit Business Insider's homepage for more stories. Tokyo has installed two see-through bathroom facilities in public parks, allowing people to see how clean they are before deciding to use them, at which point they turn opaque. The bathrooms are made of colored "smart glass," which turns opaque when the stalls are locked, said Shigeru Ban, the architect behind the designs. You can see how it works her...
Read more

Bill Gates says the world would need as many as 14 billion doses of a coronavirus vaccine to stop the virus

* The world could need as many as 14 billion doses of COVID-19 vaccines, Bill Gates said on Thursday in a blog post about the race to develop a way to make people immune to the disease. * "We need to make billions of doses, we need to get them out to every part of the world, and we need all of this to happen as quickly as possible," Gates said. * Gates said he had his eyes on eight to 10 promising candidates, adding that healthcare workers and people in low-income countries should be first in line once we find one that works. * While potential vaccines are progressing with historic speed, they're still months, or even years away, and the biggest challenge lies ahead in proving whether they are safe and effective in humans. * Visit Business Insider's homepage for more stories. Bill Gates believes we may eventually need to produce as many as 14 billion doses of COVID-19 vaccines globally and that we're anywhere from nine months to two years away from making tha...
Read more