CEOs of Amazon, Google, Apple and Facebook testify before Congress

Do you consider the main Big Tech operators to have a monopoly over the flow of news and speech?

  • Yes

    Votes: 7 63.6%

  • No

    Votes: 4 36.4%
  • Total voters
    11
Bugsy

Bugsy

  • Big Tech comes under the national spotlight today as four of its leaders appear before the House Antitrust Subcommittee investigating the market dominance of online platforms.
  • The hearing will offer a window into the thinking of 15 members of Congress, who will then make potential recommendations like new competition laws or company breakups. As of Monday, the four tech giants and Microsoft represented the five most valuable U.S. companies.
  • "These platforms have been allowed to run wild and free from really any constraints," said Rep. David Cicilline (D., R.I.), the subcommittee chairman. "The responsibility we have is to make clear what the impacts are of the lack of competition in the digital marketplace."
  • While Silicon Valley has vast control of what over what the world sees, reads, buys and does online, it has also showered blessings on the consumer and allowed people around the globe to stay connected even during an unprecedented pandemic.
  • Amazon (NASDAQ:AMZN) CEO Jeff Bezos plans to tout the company’s job creation and support for small businesses, while creating more than $1T of wealth for its shareholders. Prepared remarks
  • Google (GOOG, GOOGL) CEO Sundar Pichai will say the company has offered a competitive platform that has lowered prices for advertisers, giving consumers more choice. Prepared remarks
  • Apple (NASDAQ:AAPL) CEO Tim Cook will say the company does not have a dominant market share and defend the company's 30% fee on digital products on the App Store. Prepared remarks
  • Facebook (NASDAQ:FB) CEO Mark Zuckerberg will stand by acquisitions of Instagram and WhatsApp and say that the company is part of an industry that has changed the world. Prepared remarks
  • Tune in to the House Judiciary hearing at 12:00 p.m. ET. Link is available here.

CEOs of Amazon, Google, Apple and Facebook testify before Congress https://seekingalpha.com/news/3596468
 
The first few minutes of google grilling is going no where, 2 questions congress asked went absolutely no where due to time constraints.
 
S2007S said:
The first few minutes of google grilling is going no where, 2 questions congress asked went absolutely no where due to time constraints.
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I'm not exactly sure where Democrats stand on Big Tech and their blatant censorship of speech online. It would seem that it benefits them and their base. Their base is constantly needing to have post or tweets removed because they are offended or they cannot debate the the argument presented against them, yet I have seen some of their House Reps being the ones who are arguing against Big Tech and the power they wield so I am lost. Normally I would say it's pointless to expect anything out of the current House, but we shall see.
 
Bugsy said:
I'm not exactly sure where Democrats stand on Big Tech and their blatant censorship of speech online. It would seem that it benefits them and their base. Their base is constantly needing to have post or tweets removed because they are offended or they cannot debate the the argument presented against them, yet I have seen some of their House Reps being the ones who are arguing against Big Tech and the power they wield so I am lost. Normally I would say it's pointless to expect anything out of the current House, but we shall see.
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Private companies, God I love capitalism
 
The grilling has been interesting, to be honest these companies and I'm very sure many many many thousands more play games just like these big 4 do. But will anything change? Absolutely not. Stock prices in these 4 stocks totally ignored anything related to these congress hearings and that will continue all the way through.
 
S2007S said:
This is another congress meeting that will goooooo absolutely no where. They will grill them with questions and nothing will become of it.
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%%
QQQ/strong today; but if it had sold off/blame congress/virus/LOL[Lot of those companies give to both parties/so I was not exspecting a monster move today but was ready/LOL]…………………………………………………………………………………………………………………………..God knows I love capitalism; I stlll buy gas @XOM/standard oil busted up/LOL
 
facebook created safe space for triggered snowflakes

https://www.nbcnews.com/tech/tech-n...information-rules-conservative-pages-n1236182
Sensitive to claims of bias, Facebook relaxed misinformation rules for conservative pages
According to internal discussions, Facebook removed "strikes" so that conservative pages were not penalized for violations of misinformation policies.

Facebook has allowed conservative news outlets and personalities to repeatedly spread false information without facing any of the company's stated penalties, according to leaked materials reviewed by NBC News.

According to internal discussions from the last six months, Facebook has relaxed its rules so that conservative pages, including those run by Breitbart, former Fox News personalities Diamond and Silk, the nonprofit media outlet PragerU and the pundit Charlie Kirk, were not penalized for violations of the company’s misinformation policies.
The list and descriptions of the escalations, leaked to NBC News, showed that Facebook employees in the misinformation escalations team, with direct oversight from company leadership, deleted strikes during the review process that were issued to some conservative partners for posting misinformation over the last six months. The discussions of the reviews showed that Facebook employees were worried that complaints about Facebook's fact-checking could go public and fuel allegations that the social network was biased against conservatives.
 
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