Tech CEO hearing looks like it will be postponed, sources say

July 24, 2020
Blog
Tech CEO hearing looks like it will be postponed, sources say 1

Tech CEO listening to appears like it is going to be postponed, sources say

Fb Chairman and CEO Mark Zuckerberg testifies at a Home Monetary Companies Committee listening to in Washington, October 23, 2019.

Erin Scott | Reuters

The blockbuster antitrust listening to that includes CEOs from Amazon, Apple, Fb and Google scheduled for Monday will seemingly be postponed, two individuals conversant in the matter advised CNBC, resulting from a battle with the memorial service for the late Rep. John Lewis, D-Ga.

The Home Judiciary Committee and the Antitrust Subcommittee, which is about to host the listening to, haven’t but confirmed the transfer and spokespeople didn’t instantly remark.

The listening to, which was set to function Amazon CEO Jeff Bezos, Apple CEO Tim Cook dinner, Fb CEO Mark Zuckerberg and Google CEO Sundar Pichai, is supposed to be the fruits of a greater than year-long investigation into the 4 tech giants. Following the listening to, lawmakers plan to problem a report based mostly on their findings all through the investigation and suggest laws that might goal to convey antitrust legal guidelines updated to be attentive to points distinctive to digital marketplaces.

The challenge has been delayed already by the general public well being disaster that is interrupted Congress’ regular course of enterprise. Subcommittee Chairman David Cicilline, D-R.I., mentioned in January he anticipated the report back to be accomplished by early April, however that timeline has since been shifted not less than a number of months.

It is not but clear when the listening to can be rescheduled.

A particular ceremony is scheduled in honor of Lewis on Monday at 2 p.m. ET on the U.S. Capitol Rotunda. After, he’ll lie in state on the Capitol. The antitrust listening to had been scheduled to start at midday.

-CNBC’s Ylan Mui contributed to this report.

Subscribe to CNBC on YouTube.

WATCH: How US antitrust legislation works, and what it means for Huge Tech

Leave a Reply

Your email address will not be published. Required fields are marked *