Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Google’s Sundar Pichai, and Apple’s Tim Cook are scheduled to sit before the House Judiciary Antitrust Subcommittee and defend against accusations of monopolistic behavior.
The hearing is going to be in the spotlight as the 13-month investigation into marketplaces and competition can end up limiting the companies’ ability to further monopolize the digital marketplace.
The four tech giants face growing criticism from the US Congress and regulators who point out the growing companies’ dominance in the market. Apple, Facebook, Amazon, and Google are accused of bolstering their power by acquiring small emerging rivals, using competitors’ data for their sales promotions, etc.
Facebook and Google sell ads, Amazon is a retailer and operates a digital marketplace, while Apple makes money from hardware and software. The Big Four are accused of monopolistic behavior both in the US and the European Union.