Apple, Amazon, Google, Facebook CEOs agree to House antitrust hearing
Tim Cook, Jeff Bezos, Sundar Pichai, Mark Zuckerberg set to appear
The top executives of the world's biggest tech companies have all agreed to take part in a House Judiciary antitrust hearing, FOX Business has learned.
That includes, Amazon's Jeff Bezos, Apple's Tim Cook, Google’s Sundar Pichai and Facebook’s Mark Zuckerberg.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 169.02 | +2.12 | +1.27% |
| FB | n.a. | n.a. | n.a. | n.a. |
| GOOGL | ALPHABET INC. | 159.13 | +0.87 | +0.55% |
| AMZN | AMAZON.COM INC. | 176.59 | -2.95 | -1.64% |
Recode’s Kara Swisher first reported the news Wednesday via Twitter, citing her interview with Rep. David Cicilline, D-RI, who is heading up an investigation into all four big tech firms.
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The hearing, likely to be held virtually amid the coronavirus pandemic, would mark the continuance of the ongoing regulatory fight between Washington legislators and Silicon Valley tech giants on whether they’ve created a monopoly.
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Each has come under the microscope since the 2016 U.S. presidential election for data and privacy practices, testifying before Congress and facing a number of state and federal probes.
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The debate on big tech is not a new one, and it comes at a time when consumers are paying careful attention to how much power companies wield.
The U.S. government is also doing the same.