Big Tech Emperors Parade Their Earnings Power
(Bloomberg Opinion) — What timing. On Wednesday, the CEOs of four of the biggest U.S. technology companies downplayed the market power of their respective firms in a landmark antitrust hearing before a House subcommittee. Then just a day later, the…
The Big Tech hearing: what we learnt
Congress – Reuters It was a long four hours of razor-sharp questions, bizarre diatribes about politicians’ fathers’ spam folders and Jeff Bezos accidentally muting himself. But unlike many Big Tech hearings in the United States…
What Will Congress Do Next About Big Tech?
For more than five hours on Wednesday, the House Judiciary committee indulged itself in questioning Big Tech’s marquee executives over anticompetitive practices. But the biggest question still hangs in the balance: What will Congress do to address these…
Hey Congress, never lump Big Tech CEOs together again
Hey Congress, never lump Big Tech CEOs together again Uploads%252fvideo uploaders%252fdistribution thumb%252fimage%252f91850%252f88a1b136 19d5 442c 9231 aee5d9e99cd4.png%252f930x520.png?signature=dkc…
Intel Emerges as Symbol of Big Tech’s Decline
(Bloomberg Opinion) — As if to symbolize U.S. decline, a giant of American industry is being overtaken by foreign rivals. Intel Corp., the company that once marked U.S. dominance of the semiconductor industry, has announced that the introduction of…
Five key moments from the big tech grilling
Four chief executives – Alphabet’s Sundar Pichai, Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg and Apple’s Tim Cook – appeared via video call The heads of Amazon, Apple, Facebook and Google owner Alphabet appeared…
After Big Tech hearing, these changes could become priorities for Washington
The landmark Congressional hearing of tech CEOs on Wednesday was long on political theater, but sprinkled among the 5 hours of questioning were some solid indications of what changes lawmakers could seek for technology companies. With the CEOs of Amazon,…
Stocks Slump on Economy Before Big Tech Earnings: Markets Wrap
(Bloomberg) — U.S. stocks slumped and Treasuries climbed after economic data added to concern over a slow and uneven recovery amid a resurgence of coronavirus cases around the globe. A third day of falling bond yields sent financial shares to their…
Mark Zuckerberg kicked off his testimony during the big tech antitrust hearing by suggesting Apple, Amazon, Google, and TikTok may be bigger threats than Facebook
Facebook CEO Mark Zuckerberg tech antitrust hearing YouTube/House Judiciary Facebook CEO Mark Zuckerberg pointed to the success of rivals like Apple, Google, and TikTok as evidence that there’s plenty of competition in the tech industry. Zuckerberg…
Lawmakers erupt after Jim Jordan throws a temper tantrum during the big tech hearing
jim jordan antitrust hearing Rep. Jim Jordan at Wednesday’s hearing of the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law. Graeme Jennings-Pool/Getty Images On Wednesday, the CEOs of some of the biggest US tech…