Zuckerberg, Bezos, other big tech CEOs to testify to Congress about antitrust, digital competition
CEOs of some of the biggest tech companies such as Amazon and Facebook agree to testify in front of congress this July
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The leaders of some of the world's biggest tech companies including Facebook's Mark Zuckerberg and Amazon's Jeff Bezos will testify Wednesday on Capitol Hill about antitrust laws and online competition.
They will testify before a House Judiciary subcommittee and will be joined by CEO's Tim Cook of Apple and Sundar Pichai of Google.
The committee has spent roughly a year looking into fair competition online, where Amazon controls nearly 40% of U.S. sales and Facebook is the world's biggest social media network.
The much-anticipated hearing was originally scheduled for Monday, but was postpone to accommodate Capitol Hill memorial services for Georgia Democratic Rep. John Lewis, who died July 17. The CEOs will testify in an online hearing as a result of the coronavirus.
According to the Associated Press, this is the first such congressional review of the tech industry. It has aimed to determine whether existing competition policies and century-old antitrust laws are adequate or if new legislation and more funding for enforcement are needed.
Zuckerberg has been to Capitol Hill several times before in recent years to testify and meet with members on such issues as antitrust, Facebook using followers' personal information for advertising sales and misinformation on the social media platform during the 2016 presidential election cycle.