Here are five things you should know for Thursday, July 30: 1. – The point of futures of actions lowers considerably Shares plummeted on Thursday after the Federal Reserve issued a bleak outlook for the US economy and pledged its continued support, and the largest and most powerful tech companies …
Read More »Congress forced Silicon Valley to answer for its misdeeds. It was a glorious sight | Matt Stoller | Opinion
“ORour founders would not bow to a king, we should not bow to the emperors of the online economy. “This is how Congressman David Cicilline began the remarkable hearing on Wednesday in the Antitrust Subcommittee, where four tech CEOs: Apple’s Tim Cook Mark Zuckerberg of Facebook, Sundar Pichai of Google …
Read More »Facebook’s Mark Zuckerberg exits the script, criticizes Apple and Google in antitrust hearing
“In many areas, we are behind our competitors,” said Mark Zuckerberg at an antitrust hearing. During today’s testimony before an antitrust panel in Congress, Mark Zuckerberg went off the script a bit, at least the script we were expecting, noting how Facebook Inc. lags behind various competitors, including Alphabet Inc., …
Read More »Lawmakers ignore Jeff Bezos at start of Big Tech antitrust hearing
WASHINGTON – Of all the tech tycoons who were brought before Congress on Wednesday to defend their business practices, perhaps the most anticipated appearance was that of Amazon CEO Jeff Bezos. But as lawmakers raided the heads of Google, Apple, and Facebook about how patriotic they felt and whether they …
Read More »This is what CEOs of Apple, Amazon, Facebook and Alphabet will say at Wednesday’s antitrust hearing
The CEOs of four of the world’s largest and most influential tech companies are set to testify Wednesday before a House of Representatives antitrust panel, and plan to emphasize how their products improve the lives and jobs of Americans. Jeff Bezos of Amazon.com Inc. AMZN, + 0.95% , Tim Cook …
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