WASHINGTON - The chief executives of four of the world's largest tech companies, Amazon, Facebook, Apple and Alphabet's Google, plan to argue in a congressional hearing on antitrust on Wednesday that they face intense competition from each other and from other rivals.
The four will testify to a panel of lawmakers investigating how their business practices and data gathering have hurt smaller rivals as they seek to retain their dominance, or expand. Bezos also lays out how small sellers have succeeded on Amazon's third-party marketplace, a practice that has come under scrutiny from lawmakers.
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:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big Tech CEOs to defend their companies before US Congress by listing competitorsWASHINGTON: The chief executives of four of the world's largest tech companies –Amazon, Facebook, Apple and Google – plan to argue in a ...
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 »
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 »