Amazon CEO Jeff Bezos claims most Americans have a favorable impression of Amazon overall during his opening statement before the House Judiciary Antitrust Subcommittee: 'You earn trust slowly, over time, by doing hard things well.'
and Sundar Pichai , will be done by the House Judiciary Antitrust Subcommittee as part of its ongoing, year-long investigation into competition in the digital market.The logos of Amazon, Apple, Facebook and Google are seen in a combination photo from Reuters files.Here is the latest on how the news is developing today. All times Eastern. Check back for updates.Via a WebEx video software, the four big tech CEOs virtually swore-in for their testimonies. Then, Bezos kicked off with his remarks.
Nadler said their concentration of power is why these companies, and the existing U.S. antitrust laws, must be further scrutinized.Antitrust Subcommittee Chairman David Cicilline, D-R.I., kicked off the hearing with opening remarks, saying the"purpose of today’s hearing is to examine the dominance of Amazon, Apple, Facebook and Google."
. Tuesday's hearing was attended by Congressman Louie Gohmert, a Texas Republican who has tested positive for the coronavirus, a source told ABC News Wednesday. "As we have said from the start, their testimony is essential for us to complete this investigation," the statement added.The subcommittee has been investigating the industry dominance of a small number of digital platforms and the"adequacy of existing antitrust laws and enforcement" since last June, Nadler and Cicilline said.
Apple's App Store has also been the subject of antitrust scrutiny, and last month officials in the European Union officiallyAmazon CEO Jeff Bezos, Apple CEO Tim Cook, Google CEO Sundar Pichai and Facebook CEO Mark Zuckerberg.
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