Tech Titans Amazon, Facebook, Google and Apple CEOs appeared at video conferencing in US Congress. They are facing trial on allegations of using unfair power in the online market, ending business competition.
Jeff Bezos, the world’s richest man, ate snacks during the hearing that lasted more than 4 hours. He kept avoiding questions for two hours. Similarly, the rest of the questions on the data security of the MPs could not be answered. The committee’s investigation found that these companies were pushing competitors for expansion. Everyone argued that they had not done anything illegal.
5 hours hearing: 360 lakh crores in the box. Officials of the companies did not listen to the sharp questions of MPs
Panel encircles 8-year-old email about buying Instagram
Facebook CEO Mark Zuckerberg appeared defensive on the question of Russia’s influence in the 2016 presidential election. He was also surrounded by his 8-year-old email about data theft and Instagram buying. The email stated that Instagram could be very subversive for Facebook. He said, the Federal Trade Commission had approved the deal.
‘Control over privacy-data security placed in users’ hands’
On the question of stealing ideas and information from other sites, and then making a big profit, CEO Sundar Pichai said, “Google delivers useful information to people in a simple way. We have given full control over privacy-security in the hands of users. On the question of taking data from the Ed Company, Pichai said – For the benefit of users, they are collecting more and more data.
‘Gaining market share in smart phone business is like street fight’
On the question of the company’s own complete control over the Apple Play Store, CEO Tim Cook said, “The software market is facing a very tough challenge.” There is as much competition for developers as for customers. I would like to explain it in such a way that gaining market share in the smart phone business has become a street battle.
‘Cannot guarantee that the policy will not have been violated’
Bezos, who first appeared in Congress, was questioned over the pricing, acquisitions and data usage of third party sellers. To this, he said, “There is a policy to stop data usage, but I cannot guarantee that it has not been breached.” The answer on most of the questions was, ‘I cannot answer this, I do not remember that incident.’ Bezos advocated large company.