The antitrust hearing of the big tech companies in the US congress will take place today. The CEOs of Amazon, Facebook, Apple and google owned by Alphabet will defend the practices of their companies.
What they will say briefly was released last night.
As you will notice with what the CEOs of the companies report and broadcast by Reuters, there is no monopoly issue.
Ο Sundar Pichai, Chief Executive Officer Google, emphasized that its "continued success companyς δεν είναι εγγυημένη”, καθώς οι users they now have many alternative ways access in information and its dynamics market is constantly evolving:
"For example, people have more ways to search information than ever before – and increasingly this is happening outside of the context of a single search engine.”
Ο Jeff Bezos defended the Amazon behavior stressing that the Seattle company is a small part of the overall retail market and competes with retailers such as Walmart, which is twice its size. He added that Covid-19 has boosted sales across all e-commerce businesses, not just Amazon.
Ο Mark Zuckerberg of Facebook defended exmarkets made by the company stating that his company competes with other companies attending the hearing as well as others globally. He said WhatsApp and Instagram, which are owned by Facebook, have grown since their acquisition. He reiterated his company's position on the government regulation and called for "updated Internet rules."
Ο Tim Cook Apple plans to tell the committee that Cupertino's company "does not have a dominant market share in no market where it operates. This applies not only to the iPhone, but to any product category. ”
In his prepared speech, he states that before the release of the App Store, software developers paid a fee of 50-70% to distribute their applications, which has now been greatly reduced.