By Michelle Quinn
VOA News
July 29, 2020

SAN FRANCISCO - They control the digital spaces where many around the world spend their time, shop, work, and talk to friends and family.

Together, the companies’ combined annual sales are roughly the same as the gross domestic product of Saudi Arabia, as Axios notes.

Now the CEOs of four top U.S. technology companies -- Apple, Amazon, Facebook and Google – are set to answer questions Wednesday in front of the House Judiciary subcommittee on antitrust about how they wield their considerable market power.

Deposition for the world

The hearing comes as federal and state regulators are looking into whether the tech giants, through their dominance in some markets, stifle competition.

The joint appearance of Tim Cook of Apple, Mark Zuckerberg of Facebook, Sundar Pichai of Google and Jeff Bezos of Amazon is a sign of how high the stakes are for the future of their businesses, legal observers say. Critics, customers and regulators globally will be watching.

“This is a deposition for the whole world,” said William Kovacic, a former Federal Trade Commission member and now a law professor at George Washington University…….

For more, read: https://www.voanews.com/usa/congress-question-tech-ceos-about-market-dominance


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