The antitrust hearing of the big technology 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, stressed that the company's "continued success is not guaranteed" as users now have many alternatives access in information and market dynamics are constantly evolving:
“For example, people have more ways to search for information than ever before – and increasingly it's outside the context of a single machine. search. "
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 the acquisitions made by the company stating that its company competes with other companies that attend the hearing but also others globally. He said WhatsApp and Instagram, which are owned by Facebook, have been developed since their acquisition. He reiterated his company's position on 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 mentions that before the launch of the App Store, developers software they used to pay a fee of 50-70% to distribute their apps, which has now come down a lot.
