Big Tech CEOs' opening statements for Wednesday's antitrust hearing showcase different strategies

published 29.07.2020 03:42

Zuckerberg's statement, which references the rise of competition from China, could frame an underlying argument that in weakening Facebook with strict rules, the U.S. government could unwittingly strength the Chinese economy.

Zuckerberg and the three other CEOs are scheduled to make roughly five-minute remarks at the beginning of the House hearing, which will delve into their market prowess and its impact on the economy and American life.

FB, +1.37% Chief Executive Mark Zuckerberg's opening statement was the first to leak.

Amazon.com Inc.'s AMZN, +1.10% Jeff Bezos takes a more personal tone, citing the company's "customer obsession" and a "strikingly large and extraordinarily competitive" retail market in a written statement.

Apple Inc.'s AAPL, +1.91% Tim Cook is touting the democracy of its App Store, which is under the scrutiny of federal regulators for its business practices and treatment of third-party developers.

by Jon Swartz from feeds.marketwatch.com

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