On the morning of July 24th, Beijing time,media reported that a congressional hearing against the CEOs of Amazon, Apple, Facebook and Google would be postponed. The House Judiciary Committee announced an antitrust investigation into the four technology companies in June 2019.
The testimony of the CEOs of these companies will be the final step before the investigation is completed, which is expected to produce new legislative proposals to reform and regulate the digital market. The digital market is considered “dysfunctional and free of intense competition,” and effective legislation will revive competition and allow a new generation of start-ups to grow.
The hearing was the first time the CEOs of the four companies had testified together before Congress, but it was unclear whether it would be conducted in person, given the new crown virus, which is currently circulating. Sweether reported that the hearing would take place in late July, though a spokesman for the Judiciary Committee could not say when or how it would take place.
While Facebook’s Mark Zuckerberg, Google’s Shonda Pichardy and Apple’s Tim Cook are regulars at congressional hearings, Amazon’s Jeff Bezos has never appeared before Congress.
In addition, Republican members of the House Judiciary Committee recently expressed hope that Twitter CEO Jack Dorsey will also attend the hearing.