The Wall Street Journal reports that "the chief executives of Amazon.com Inc., Apple Inc., Facebook Inc. and Alphabet Inc.’s Google have agreed to testify before the House Judiciary Committee as it investigates their power over the digital marketplace."
The hearing will take place sometime this month.
The Journal writes that "lawmakers are working on a report that could include policy recommendations to address a perceived lack of competition or monopolistic behavior in technology markets. The report’s publication is expected to follow the CEO hearing, but it doesn’t appear likely Congress will pass a law on the matter this year."
The story points out that "the testimony would be a first for Amazon Chief Executive Officer Jeff Bezos, who had previously agreed to testify. The others—Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai—have all appeared before Congress in the past."
- KC's View:
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One word of caution to all these folks…
Remember that coverage of the tobacco execs all getting up in front of Congress and swearing under oath that cigarettes weren't addictive?
Don't let this happen to you.
