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Thursday, July 30, 2020

The four biggest names are about to give evidence to the US congress.

Unprecedented is one of the dangerous words in journalism, through this really hasn't happened before.

On Wednesday, the biggest and the richest four names in tech will give evidence to members of the US Congress.

That well known Mark Zuckerberg founder of (Facebook), Sundar Pichai CEO of(Google), Tim Cook now he is the current CEO(Apple) and all over the world, the well knows shopping mart owner Jeff Bezos from(Amazon) will all be grilled.

Here abt them that Jeff Bezos - is the world's top 10 richest man - has been never testified before either house. They have never at all been quizzed together.
We all know that how do these tech bosses do, how they stand up to scrutiny could be a defining moment in their future relationship with the government.

The Covid-19 pandemic has put this into a crucial and sharp focus, where the other big and moderate companies have struggled, these Big Tech companies have thrived. Together they are now worth $5tn dollars. It's led to accusations that -  it just like the banks - they are simply too big to have failed.

There is More complaints that have been leveled at these companies are so numerous and they are too many to name individually here.

In pre-released comments, Mark Zuckerberg argued that Facebook has become one of the successful "the American ways" - providing products that people find valuable after starting with nothing.

"Our story would not have been possible without some of the  US critical laws that encourage competition and innovation," Mark Zuckerberg stated.

But he acknowledged that there were concerns about the size and perceived power of the technology companies and that there should be a more active and genuine role for governments and regulators - and updated rules into the internet.

"At Amazon, customer obsession that they have made us what we are in and to allowed us to do even greater things," he said.

"I know what Amazon could do when we were one of the 10 people. I know what we could do when we were 1,000 people, and when we were 10,000 people. And well I know what we can do today when we're nearly a million" he added.

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