Google and Facebook took particularly sharp jabs for alleged abuse of their market power from Democrats and Republicans on Wednesday in a much-anticipated congressional hearing that put four of America's most prominent tech CEOs in the hot seat.
, Amazon, Google and Facebook - faced harsh criticism on Wednesday from lawmakers who accused them of abusing their market dominance.
DAVID CICILLINE: "Simply put, they have too much power." Most Republicans concentrated on claims their platforms censor right-wing voices.
JIM JORDAN: "Big Tech's out to get conservatives." But both sides of the aisle appeared to agree that the four tech titans engaged in unfair business practices... to squash competitors.
PRAMILA JAYAPAL: "How many competitors did Facebook end up copying?" MARK ZUCKERBERG: "Congresswoman, I... I... can't give you a number of companies." JAYAPAL: "Was it less than five?" ZUCKERBERG: "Congresswoman, I don't know." Facebook CEO Mark Zuckerberg faced some of the toughest questions on Wednesday, as lawmakers - including Representative Pramila Jayapal - came armed with damaging internal emails about the company's acquisitions, including it's 2012 purchase of Instagram.
JAYAPAL: "Has Facebook ever threatened to clone the products of another company while also attempting to acquire that company?" ZUCKERBERG: "Congresswoman, not that I would... not that I recall." Google's Sundar Pichai fielded the most questions on Wednesday, and was accused by the Democratic chair of the House antitrust subcommittee, David Cicilline, of stealing.
CICILLINE: "Why does Google steal content from honest businesses?" PICHAI: "Uh, Mr. Chairman, with respect, I disagree with that characterization." Cicilline went after Amazon CEO Jeff Bezos, too... "'We called it Amazon heroin.'" ...citing a third-party seller who said the e-commerce giant "strings you along" until it crushes you.
CICILLINE: "Why on Earth would they compare your company to a drug dealer?" BEZOS: "Sir, I have great respect for you and this committee, but I completely disagree with that characterization." It was also a trying day for technology itself.
Bezos escaped questioning for about an hour because of technical issues with his video feed.
Poor audio quality and tiny thumbnails on a large screen frustrated viewers of the virtual hearing, which also featured CEO snacking.
At one point, the world's richest man appeared to reach off-screen for a nibble, while Zuckerberg could be seen munching on what looked like pretzel bites.
First Minister Nicola Sturgeon has announced a new postcode checker to help people in Scotland better understand the Covid restrictions in their region.
She also outlined the new five-tier alert system, explaining levels one and three resemble various restrictions that have been in place in the country since summer and level four would only be implemented if absolutely necessary. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sarah Cooper’s new show proves she’s more than just a Trump lip-sync artist.
The show sees her play a news anchor hosting a surreal TV show called Everything’s Fine.
Sarah Cooper: Everything’s Fine is on Netflix from October 27.
#SarahCooper #Netflix #EverythingsFine Report by Shoulderg. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The wealth of 643 of US' richest billionaires rose from $2.95 trillion to $3.8 trillion between March 18 and September 15. This marks a 29% increase over those six months. That's according to a report by the Institute for Policy Studies and Americans for Tax Fairness said. Tesla founder Elon Musk's wealth increased by 273% in the period to $92 billion. Jeff Bezos wealth increased 64.8%, from $113 billion to $182. Mark Zuckerberg's wealth increased from $54 billion to $100.
Amazon CEO Jeff Bezos topped Forbes' list of richest Americans for the third year in a row, while U.S. President Donald Trump's ranking dropped as the pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday. Colette Luke has the latest.
MacKenzie Scott is the richest woman in the world. Scott's net worth is now a staggering $68 billion. According to CNN, Scott has surpassed L'Oréal heiress Francoise Bettencourt Meyer in terms of wealth. Scott was married to Amazon founder Jeff Bezos until their recent divorce. Scott received a quarter of Bezos' Amazon shares in the couple's divorce settlement in 2019. That equated to a 4% stake that was worth more than $35 billion at the time.
The U.S. House of Representatives antitrust subcommittee's findings on abuse of market power by four large tech companies took Amazon, Apple, Facebook and Alphabet's Google to task in a scathing take-down for what the committee saw as a gross abuse of power aimed at squelching competition. Conway G. Gittens reports.
[NFA] Trailing in national opinion polls, President Donald Trump again attacked U.S. election mechanics on Tuesday, saying it would be “inappropriate” to take extra time to count the tens of millions of ballots cast by mail in his race against Democrat Joe Biden. Gavino Garay reports.
This week, the CEOs of Facebook, Apple, Alphabet and Amazon were called before the House's Antitrust Subcommittee to defend the vast empires they've built. Jeff Bezos, Tim Cook, Sundar Pichai and Mark..
Credit: TechCrunch TV News Duration: 27:13Published
US president Donald Trump said "there is no question that what the Big Techcompanies are doing is very bad". His comments came as Congressional lawmakersbegan questioning the chief executive officers..
Credit: PA - Press Association STUDIO Duration: 00:28Published