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The hearing will be held remotely owing to the Covid-19 pandemic, and cover a wide range of questions regarding the might of these four companies. Primary questions will revolve around the market domination of each of these companies, their market practices, and attempt to understand whether they are stifling an open, competitive atmosphere in their respective industries. The subcommittee will also attempt to look into whether each of these companies need to be broken up to maintain a balance, and on this note, lawmakers in the US Congress will combine responses from this session with hundreds of hours of interviews, and a reported set of 1.3 million documents put together, to understand what is the nature of the new set of legislations that are required with regards to antitrust laws, as well as imposing necessary regulations in the field of technology.
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News18.com will be back with more analysis and coverage on this precedent-setting hearing with the four biggest CEOs in technology, in the morning, on News18.com/Tech.
Dem. Jayapal pushes Facebook to answer exactly how many competitors has Facebook copied from. Then follows it up with how many has it copied and acquired. Then further backs it up with whether Facebook copied and threatened Instagram founder Kevin Systrom, thereby pressurising a competitor into succumbing to Facebook’s power. Another allegation comes up on whether he implemented a similar threat tactic on Snapchat founder Evan Spiegel, when attempting to take over Snap Inc. Zuckerberg, very unnaturally, looks ruffled.
Dem. Lucy McBath directly alleges yet another instance of how Amazon stifled a bookseller on their platform. Not only that, but Amazon did not even respond to allegations, and has not even reverted to the seller’s concerns. That directly crosses Amazon’s supposed line of growing based on small vendors.
Rep. Greg Steube now brings forth how Google hides and in fact de-ranks certain websites even on direct search. This can bring to light Google’s ‘search engine optimisation’ practices. However, Steube’s question takes a turn towards specific anti-conservative practices, instead of the company’s practices of a wider search engine bias.
Dem. Jayapal highlights the stunning amount of data that Amazon collects with reference to users as well as third party sellers on the platform, both of which can be supremely detrimental towards other brands. “You may allow sellers on your platform, but if you control the amount of data, that can stifle innovation in small businesses,” she says.
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