Facebook, Google, Amazon and Apple agreed to justify themselves before the US Judiciary Committee at the end of July for their monopolistic behaviour
Facebook, Google, Amazon and Apple agreed to justify themselves before the US Judiciary Committee at the end of July for their monopolistic practices in an antitrust investigation.
The CEOs of Facebook (Mark Zuckerberg), Google(Sundar Pichai), Amazon (Jeff Bezos) and Apple (Tim Cook) agreed to testify before the US House of Representatives in an antitrust investigation launched a few months earlier. The power of American tech giants and their practices are often deemed to be anti-competitive. And this worries even in their home countries, where some of these firms, in particular Google and Apple, are also targeted by the European Commission on similar grounds.
This groundbreaking hearing will mark the first time these four officials have testified together before U.S. elected officials. And the first time Jeff Bezos has ever broken from such an exercise. At the end of these hearings, the House will propose a new law to reform and regulate online competition. The hearing alone cannot lead to sanctions. Nevertheless, some of these actors are also targeted by the Department of Justice. This is notably the case of Google, for practices deemed anti-competitive. The Federal Trade Commission has also opened an investigation into Facebook.
For the time being, Apple and Amazon are a little less exposed, at least in the United States. But, as the CNBC points out, the political climate is not conducive to a strong text targeting the GAFA. The Judicial Affairs Committee is indeed bipartisan, and while the drafting of a text is getting closer, some members of the Republican Party are threatening to slam the door. In an open letter in February, some members of the committee wrote that "they would not participate in an investigation with preconceived conclusions that large US tech companies are fundamentally bad, cannot be allowed to exist in society, and must be broken.