U.S. IT4 denies “unfair profit in esponities” at congressional hearing July 30 at 6:19 a.m.
The leaders of four U.S. IT companies, including Apple and Google, which are making huge profits, have all attended congressional hearings, rebutting whether they are unfairly profitable by using their exclusive positions.
The hearing, held today at the Judicial Committee of the U.S. House of Representatives, will investigate whether any violations of the Antitrust Act, which is the antitrust law of Japan.
Bezos, CEO of Amazon.com, Ceo Of Apple, Pichai of Google, and Zuckerberg, CEO of Facebook, all answered lawmakers’ questions after an oath.
In the United States, there has been growing criticism that these giants are using their exclusive positions to prevent proper competition, but Amazon CEO Bezos countered at the outset, saying that “there continues to be intense competition in the global retail market.”
“In the smartphone market, Samsung and Huawei have been in a lot of competition,” said Cook, Apple’s chief executive. “Apple doesn’t have a dominant share in any market.”
The hearing, which began early Wednesday, Japan time, is expected to last for several hours, but in addition to the issue of antitrust law, there are likely to be tough questions about its involvement with the Chinese market.
President Trump’s Executive Order if Congress does not bring fairness
U.S. President Trump told a congressional hearing attended by the leaders of the four IT companies, “If Congress does not bring fairness to large IT companies, I will issue a presidential decree myself. In Washington, action has not come with only the mouth for many years. People are sick and tired of it,” he posted on Twitter.
President Trump has been complaining about big IT companies, and as the Corona Virus virus puts many people in financial difficulties, it seems that there is an aim to appeal a tough stance to IT companies that generate huge profits.