Business Insider's Aaron Holmes he says that three of the lawmakers who have undertaken an antitrust inquiry into the activities of Amazon, Apple, Facebook and Google hold more than $ 100.000 in shares of these technology companies.
Of course it is not the best way to conduct research.
In his post, Holmes states that board member Jim Sensenbrenner of Wisconsin owns more than $ 98.000 in shares in all four companies combined. California-based Zoe Lofgren owns $ 15.000 worth of shares in Facebook, Apple and Alphabet, though she recently sold some of them. Steve Chabot of Ohio has $ 50.000 in stock on Facebook.
It should be noted that researchers are not illegal if they own shares in the companies they are researching, but there could certainly be a conflict of interest.
Amazon's Jeff Bezos, Apple's Tim Cook, Facebook's Mark Zuckerberg and Alphabet's Sundar Pichai will testify before the House Antitrust Commission on Monday, July 27. However, Axios says this could be postponed until August 3 to allow Washington to mourn former civil rights leader John Lewis, who died earlier this week.
The research aims to find out if these companies use their huge influence in the markets to stifle competition from smaller competitors. It will be held under the auspices of the United States Department of Justice and the Parliamentary Judiciary Committee.