Google, Apple, Facebook, and Amazon are being investigated over antitrust violations. It means lawmakers are trying to figure out whether the companies have used anticompetitive business practices designed to stifle smaller competitors and to maintain a monopoly of the markets.
Amazon CEO Jeff Bezos, Google and Alphabet CEO Sundar Pichai, Facebook CEO Mark Zuckerberg, and Apple CEO Tim Cook will all face questioning from Congress in a hearing Wednesday.
This hearing is the first time the four CEOs will testify at the same congressional hearing. And it's the first time Jeff Bezos, the richest person in the world — with a net worth of $171.6 billion — will testify before Congress.
The lawmakers will take turns grilling the CEOs with their questions, many of which may overlap. The questions will probe the executives into laying out aspects of their business practices, and the CEOs in turn will attempt to make the case for why they aren't infringing on the competition.
Lawmakers will likely question Google in regard to its iron grip on the ad and search market. Apple is being investigated over claims that it gives its own apps special treatment over third parties in its App Store. Facebook is in the spotlight for the acquisitions it has made in recent years of would-be competitors, namely WhatsApp, Instagram, and Giphy. Amazon will be investigated over whether it promoted its own brands ahead of third-party sellers. source