The Antitrust Hearing where Apple's CEO was set to Testify in Next Week has been postponed due to Memorial Services for the Late John Lewis
The tension was rising as Silicon Valley's top dog CEO's were set to attend an antitrust hearing next week, with Apple's CEO set to defend Apple's App Store pricing and policies. Yet in the last few days a memorial service for the late Rep. John Lewis, D-Ga., has been set to take place on the very same day that the antitrust hearing was set to begin. This has caused a delay. No official date has been set for the rescheduled hearing.
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CNBC reported earlier today that "Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Sundar Pichai, CEO of Google parent Alphabet, were prepared to testify virtually on Monday before the House Antitrust Subcommittee.
The hearing is meant to be a culmination of an investigation into the four tech giants that began in June 2019 to assess their competitive practices and the efficacy of antitrust laws for the new digital marketplace. Following the hearing, the subcommittee is expected to issue a report of its findings as well as legislative proposals aiming to update the antitrust laws.
While Congress’ investigation won’t directly result in any enforcement actions on the companies, probes by U.S. antitrust regulators, the Department of Justice and the Federal Trade Commission, could."
On another note today, Apple announced that it is donating its proceeds from the John Lewis documentary titled "John Lewis: Good Trouble" to museums that honor his legacy.