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Reuters
Reuters
Business

House panel reschedules Big Tech CEO hearing for Wednesday

FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, U.S., October 23, 2019. REUTERS/Erin Scott

A congressional hearing on digital marketplace competition featuring the chief executives of four of the largest American tech companies has been rescheduled for Wednesday, a House subcommittee said on Saturday.

The CEOs of Facebook, Amazon.com, Alphabet's Google and Apple were to have testified on Monday before the House Antitrust Subcommittee. But the hearing was postponed for the lying in state at the Capitol Building of the late Representative John Lewis, an icon of the civil rights movement.

A subcommittee announcement issued on Saturday said the session now would be held on Wednesday and that witnesses and members could appear in person or virtually.

FILE PHOTO: Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC's "Milestone Celebration Dinner" in Washington, U.S., September 13, 2018. REUTERS/Joshua Roberts

All four tech company CEOs - Jeff Bezos of Amazon, Tim Cook of Apple, Sundar Pichai of Alphabet and Mark Zuckerberg of Facebook - are to appear virtually, the announcement said.

The subcommittee of the Democratic-led House Judiciary Committee is investigating whether the companies actively seek to harm and eliminate smaller rivals.

"Given the central role these corporations play in the lives of the American people, it is critical that their CEOs are forthcoming," Judiciary Committee Chairman Jerrold Nadler and David Cecilline, the subcommittee chairman, said in a joint statement.

FILE PHOTO: Sundar Pichai, Chief Executive Officer of Alphabet, gestures as he speaks during a session of the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse

The CEOs are expected to deflect criticism of their use of market power to damage rivals by saying they themselves face competition and by debunking claims that they are so dominant.

(Reporting by Jonathan Landay; Editing by Steve Orlofsky)

FILE PHOTO: Apple CEO Tim Cook speaks during Apple's annual Worldwide Developers Conference in San Jose, California, U.S. June 3, 2019. REUTERS/Mason Trinca
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