Big Tech CEOs to defend their companies before US Congress by listing competitors

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

WASHINGTON: The chief executives of four of the world's largest tech companies –Amazon, Facebook, Apple and Google – plan to argue in a ...

WASHINGTON: The chief executives of four of the world's largest tech companies –Amazon, Facebook, Apple and Google – plan to argue in a congressional hearing on antitrust on Wednesday that they face intense competition from each other and from other rivals.

"We know Google's continued success is not guaranteed. Google operates in highly competitive and dynamic global markets, in which prices are free or falling, and products are constantly improving," Pichai says in the prepared remarks. Bezos also lays out how small sellers have succeeded on its third-party marketplace, a practice that has come under scrutiny from lawmakers.

Zuckerberg will also defend Facebook's acquisitions by saying the social media platform helped companies such as WhatsApp and Instagram grow. Both are owned by Facebook.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US senator introduces legislation to curb Big Tech's ad businessWASHINGTON: Republican Senator Josh Hawley on Tuesday introduced legislation that would penalize large tech companies that sell or show targeted ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US senator Josh Hawley introduces legislation to curb Big Tech's ad businessWASHINGTON (REUTERS) - Republican Senator Josh Hawley on Tuesday (July 28) introduced legislation that would penalise large tech companies that sell or show targeted advertisements by threatening a legal immunity enjoyed by the industry - the latest onslaught on Big Tech's business practices.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Telcos could tap tech to eSIM-plify businessPHYSICAL barriers enforced by the novel coronavirus pandemic have choked off some streams of income for telcos, such as mobile roaming. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »