A little accountability system will definitely be good now.
Wednesday Congressional hearing, Will see the CEOs of Facebook, Amazon, Apple, and Google testify before the House Antitrust, Commercial and Administrative Law Subcommittee, which may provide an opportunity. The hearing focuses on the company’s respective market dominance and anti-competitive practices. This hearing will give frustrated members of Congress the opportunity to destroy some of the most talented people in the world. And, if you are lucky, it will help solve a series of antitrust problems faced by all four technology giants.
Of course there is Participating members Including Florida Congressman Matt Gaetz, who submitted a Criminal referral Against Mark Zuckerberg-the hearing may be a long, lengthy sentence myth Social media favors conservatives.
If the senior members of the subcommittee more or less maintain the subject of the hearing, this is why you should be paying attention-why Jeff Bezos, Mark Zuckerberg, Sundar Pichai and Tim Cook all have many answers.
The main problem facing CEO Jeff Bezos will be what Amazon calls data collection, which is collected from companies that use its business platform to create and sell competing products. It is worth noting that Amazon has long denied that it has done so-past and current sellers (and past Amazon employees) have disputed this claim.
in January of this year, PopSockets CEO and inventor David Barnett (David Barnett) spoke to the Congressional Subcommittee on BBQ Bezos on Wednesday and described what he called Amazon’s predatory behavior.
Barnett explained: “We have repeatedly found that Amazon itself has purchased counterfeit products and sold them together with our own products.” He added that business dealings with Amazon can basically be attributed to “bullying with a smile.”
Not only that, PopSockets also received this treatment from Amazon. In April, of Wall Street Journal Reported Amazon uses seller data (some of which is proprietary data) to inform the production and pricing decisions of many Amazon-branded products, including car trunk organizers and office chair cushions.
“We know we shouldn’t do this,” a former Amazon employee told the media Log“But at the same time, we are producing Amazon-branded products, and we hope they can be sold.”
In June, we learned that officials in California and Washington reportedly Investigate Amazon Its anti-competitive behavior.
The social media giant inflated its video viewing metrics for more than a year Up to 900% And in the process directly caused Thousands of jobs, Is currently involved in an ongoing antitrust investigation. Therefore, it makes sense that Mark Zuckerberg will be one of the four CEOs attending Wednesday’s hearing.
According to reports, the current investigation of Facebook led by the Federal Trade Commission is completely separate from another FTC investigation, which led to Fined $5 billion Filed a lawsuit against Facebook in 2019. A subsequent investigation determined that Facebook violated the 2011 settlement with the FTC on user data. Although the exact details of the ongoing investigation have not been disclosed, New York Times report It may focus on Facebook’s use of acquisitions to suppress competitors.
This will undoubtedly be the focus of many issues at Wednesday’s hearing.
Next is Facebook’s dominance in digital advertising. At the end of 2019, the UK Competition and Market Authority Published midterm report claim”[Facebook and Google] Now, they are so big and have such extensive data access rights that potential competitors can no longer compete on an equal footing. “
The report pointed out that Facebook occupied “50% of the nearly £5 billion display advertising market” in the UK.
The report continued: “The weakness of digital advertising competition will increase the prices of goods and services across the economy, and damage the ability of newspapers and other companies to produce valuable content, thereby harming society as a whole.”
The idea that Facebook is “harmful to the wider society” is likely to come under fire on Wednesday.
by app Store, Apple controls its ecosystem, determining which applications can and cannot thrive on hardware products such as iPhone, iPad and Apple Watch. This control measure has allowed Apple to conduct at least one overseas investigation- Launched last month -By the European Union. Now, on Wednesday, members of Congress will question whether Apple CEO Tim Cook’s control of the Apple App Store gives Apple a greater unfair advantage over third-party app developers.
At least, the App Store provides a huge source of income for Apple. In most App Store sales, the company’s cuts ranged from 15% to 30%. Companies like Spotify Refer to By forcing the use of Apple’s payment system (and paying corresponding fees), its own products have become more expensive than Apple’s competing music apps.
“If we choose not to use Apple’s payment system,” Spotify CEO Daniel Ek said in March 2019 blog post, “Abandoning fees, Apple subsequently imposed a series of technical and experience restrictions on Spotify.”
Recently, Apple has It is said to require The coronavirus pandemic forced ClassPass to take classes online, resulting in a 30% reduction in ClassPass.
Google search was once considered to be the most effective way to find information on the Internet, but it has become a swollen tool. Critics argue, To a large extent prefer their own services. In addition, Google’s control of the Android mobile operating system is said to allow it to launch its own products at the expense of competitors’ prices.
In 2018, the European Commission Google fined 4.34 billion euros Violation of antitrust rules. Specifically, it found “[since] In 2011, Google imposed illegal restrictions on Android device manufacturers and mobile network operators to consolidate its dominant position in general Internet searches. “
According to an expert, this modus operandi continues to this day. Flag survey. The report was released on Tuesday and quantified how active Google is to promote itself.
The report said: “Google assigns 41% of the first page of search results on mobile devices to its own attributes and so-called “direct answers.” These answers are filled with information copied from other sources, sometimes without their own. Informed or agreed.”
Google CEO Sundar Pichai apparently has done the work for him.
You can watch the hearing live on July 29 at 9 a.m. Pacific time.