They are likely to include antitrust concerns, relating to questions of whether the companies have abused their dominance to push their own products, as well as ongoing worries about censorship and free speech on social media platforms.
The CEOs are expected to argue that their platforms are still not as dominant as might be assumed, and that they face threats from other markets such as China, which could become more powerful if they were subject to limiting regulation.
Now Zuckerberg is being questioned by Sensenbrenner, over Jim Jordan's claim that conservatives are being censored. Was it right to suspend Donald Trump Jr after he posted information about hydroxychloroquine. Zuckerberg points out this was Twitter, not FB, but finds himself defending move to block information that could harm.
Sundar Pichai, CEO of Google, says its "work would not be possible without the long tradition of American innovation, and we’re proud to contribute to its future". With a brief claim that Google's marketplace has helped pass on saving to consumers, he adds: "I haven’t forgotten how access to innovation and technology altered the course of my life. Google aims to build products that increase access to opportunity for everyone — no matter where you live, what you believe, or how much money you earn."
"My dad’s name is Miguel. He adopted me when I was four years old. He was 16 when he came to the United States from Cuba as part of Operation Pedro Pan, shortly after Castro took over. My dad arrived in America alone. His parents felt he’d be safer here. His mom imagined America would be cold, so she made him a jacket sewn entirely out of cleaning cloths."
"My mom, Jackie, had me when she was a 17-year-old high school student in Albuquerque, New Mexico. Being pregnant in high school was not popular in Albuquerque in 1964. It was difficult for her. When they tried to kick her out of school, my grandfather went to bat for her," he says.
He adds: “Prior to the Covid-19 pandemic, these corporations already stood out as titans in our economy. In the wake of Covid. however, they are likely to emerge stronger and more powerful than ever before.”
“Since last June, the Subcommittee has been investigating the dominance of a small number of digital platforms and the adequacy of existing antitrust laws and enforcement. Given the central role these corporations play in the lives of the American people, it is critical that their CEOs are forthcoming. As we have said from the start, their testimony is essential for us to complete this investigation.”
Another fact nugget to ponder - because of Covid, the four CEOs, whose companies are worth a collated total of $4.85 trillion, will testify remotely via Cisco’s Webex video conferencing