US Congress accuses Zuckerberg, Bezos, Cook, Pichai of crippling competitors with monopoly

The CEOs whose companies have a combined market value of about $5 trillion faced Congress through a videoconference hearing

e4m by exchange4media Staff
Updated: Jul 30, 2020 1:22 PM
tech CEOs

The Big Four -- Mark Zuckerberg, Jeff Bezos, Tim Cook and Sundar Pichai -- was summoned by US lawmakers over accusations of using their clout to trounce competitions and creating an unhealthy market environment. Representatives from the Democratic and Republican parties grilled the four privacy policies, ads and data algorithms.

The CEOs whose companies have a combined market value of about $5 trillion faced Congress through a videoconference hearing.

The accusations were levelled against Zuckerberg about his company's decision to purchase Instagram in 2012 to eliminate the threat from the photo-sharing platform. He was also asked whether Facebook "copied" any of its competitors, to which he retorted that they had "adapted" not copied.

Bezos faced questions about Amazon's use of third-party seller data for a competitive edge. He assured that the results of its internal investigation into the practices will be shared with the congress.

Cook was accused of Apple's practices of removing rival apps and rejecting their updates from the Apple Store and directing customers to the company's products as a replacement.

Pichai endured tough questions on Google's ad practices from the conservatives in the congress. He was asked why "Google stole content from honest businesses." His company was accused of using "privacy" as an excuse to withhold and exploit user data from the competition.

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