Monday's congressional hearing to question CEOs of Facebook, Amazon, Google's parent Alphabet, and Amazon is likely to be postponed. This will permit politicians to attend a service for Representative John Lewis, a beloved civil rights activist, who deceased on July 20. Lewis will lie in state on Monday, congressional leaders stated, and there will also be an invite-only ceremony for him at 1:30 p.m. ET.
The hearing, expected to take place before the antitrust panel of House of Representatives Judiciary Committee, was due to question the aforementioned companies' dominance in e-retail, social media, search, and smartphone software. The committee would declare whether these companies have unfairly crushed the competition, and release a report within weeks recommending whether legislation is necessitated to end the companies' dominance in their relevant fields. Dave Lee, a Financial Times correspondent, commented that the meeting could now take place on August 3.
Have confirmed the tech CEO hearing - scheduled for Monday - is off. Companies now figuring out a new date. Politico reporting Aug 3 as a possibility.— Dave Lee (@DaveLeeFT) July 24, 2020
Facebook's Mark Zuckerburg, Google's Sundar Pichai, Amazon's Jeff Bezos, and Apple's Tim Cook are expected to appear via video link. The U.S. Justice Department is also probing the four big tech companies. Earlier this year, the Federal Trade Commission opened an antitrust probe on tech giants with regards to their past acquisitions.