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

All the coolest features of every Tesla vehicle ever made or unveiled, ranked (TSLA)

* Tesla's vehicles are and always have been crammed with great ideas. * These range from touchscreen interfaces to innovative battery designs to staggering acceleration. * I've driven or experienced every vehicle Tesla has ever sold or intends to sell in the future. * Here are all my favorite features, ranked. * Visit Business Insider's homepage for more stories. In about two decades, Tesla has done what everyone in the auto industry thought was impossible: create an all-electric brand that could sell hundreds of thousands of vehicles. Tesla could have done that in a boring or modest way, developing  the equivalent of an electric VW Beetle. Instead, Tesla made fantastically compelling cars that are fast, look amazing, and are packed with features. Here's a rundown of all my favorites, ranked from bottom to top: FOLLOW US: On Facebook for more car and transportation content! Tesla has been in business for 17 years. In that period of time, it's consisten...
Read more

Inside the fight between my small Iowa hometown and a $12 billion utility over smart meters and the radiation that some residents call 'poison'

* Many residents in Fairfield, Iowa, home to thousands of disciples of a deceased Indian guru, claim that radiation emitted by cell phones and other devices is harmful to human health.  * Those beliefs created a problem for a local utility that began deploying radiation-emitting smart meters in 2017. * Through administrative proceedings, Fairfield residents fought back against the utility's smart meter program — and, for the most part, won.  * At its core, the fight wasn't about the health effects of smart meters. It was about the freedom to exercise a set of beliefs, as unusual as they may be. * Visit Business Insider's homepage for more stories. FAIRFIELD, IOWA — I was standing outside my childhood home on an unseasonably warm spring day when I saw my neighbor approaching from across the street.  It was May, and I had been staying with my parents months after escaping New York City. In their home, more than 80 miles away from the nearest airport, the threat of a pa...
Read more

Here's an exclusive look at the pitch deck London fintech Lanistar used to raise $19 million at a $190 million valuation

* London-based fintech startup Lanistar has raised a £15 million ($19 million) funding round from Milaya Capital.  * Founded in 2019, Lanistar is building a personal financial management platform that will launch later in 2020.  * "We're expecting a huge amount of growth upon our launch and have already seen strong interest among our sign ups," Gurhan Kiziloz, founder and CEO of Lanistar, told Business Insider. * Visit Business Insider's homepage for more stories.  The coronavirus lockdown in the UK has brought the importance of managing money into sharp relief. A recent study from Money.com shows that 71% of UK households have saved cash during lockdown, and, with uncertainty about jobs and the economy looming, money management is now front of mind for many. Lanistar, a banking platform with a focus on personal finance, is one company offering tools for consumers to better manage their money. It has just raised a £15 million ($19 million) funding round from Mil...
Read more