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Fine technology 4 technology giants ‘destroy’ rivals for profit

Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai attended the “Online Platforms and Market Power” hearings online. . Here, Republican and Democratic Party Members question these leaders. Most questions are directed at Bezos, Zuckerberg and Pichai. According to VentureBeat, each person must sit in a “hot seat” for at least 50 minutes. Meanwhile, Cook was questioned less than his opponent, about 25 minutes.

The hearing is held in an online format. Photo: Reuters

Antitrust Council chairman of the US House of Representatives, Mr. David Cicilline, said the testimony of four CEOs confirmed the evidence they gathered in the past year. The tech quartet allegedly crushed rivals to gain market share and profit.

Although this was the first hearing, the Amazon CEO was the least confused. Cook also handled the ingenious questions, while Zuckerberg suffered the most in the face of many internal emails. Pichai, CEO of Google and Alphabet, seemed to perform the worst when repeatedly answering lawmakers that he would consider many situations and respond later.

The hearing was broadcast live but caught attention because of circumstances other than the questioning. For example, while resting for about an hour to watch out for his peers who were questioned, Bezos was relaxed and was found eating bread. At times, lawmakers shout at each other again: “Put on a mask”!

Congressman Cicilline set the tone for the hearing when he began asking Google about the theft: “Why is Google stealing content from honest businesses?” He accused Google of stealing reviews from Yelp and threatened to remove Yelp from the search results page if objected.

The Google CEO wants to know the details of the allegations and insists the company always follows the “highest standards”, disagreeing with the senator’s allegations.

The Facebook CEO was asked a series of questions about his acquisition of Instagram in 2012 and whether the purpose of the transaction is because Instagram is a risk or not. The council had an internal email from Zuckerberg. Zuckerberg responded that Instagram was then a small photo-sharing application rather than a social media phenomenon.

Congressman Pramila Jayapal questioned whether Facebook would ever imitate his opponent, prompting Zuckerberg to admit, “we definitely adjusted some of the features that others lead.” “In the end, Facebook copied many companies,” she continued. “Less than 5 or less than 50”. Zuckerberg doesn’t know the answer.

Jayapal also “rotated” Amazon CEO about whether the company uses data from third parties to make sales decisions or not. Earlier, Bezos denied this behavior. He cautiously said the company had a policy against such acts. “If anyone is found to be in breach, we will take action immediately.”

CEO Tim Cook described competition in the app market as a “street fight” when asked about the fee on the App Store. According to Apple leaders, programmers can write applications for Android, Windows, Xbox or PlayStation. They face fierce competition on both developers and customers.

According to the anticompetitive council assistant, a detailed report on the four technology firms’ antitrust allegations and recommendations to curb their market power will be published in late summer or early fall.

[ Æsir Tales ]
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