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

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.

Nigeria Nigeria Latest News, Nigeria Nigeria 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 »