Big tech companies now exert huge influence over what stories get told. The message is clear: Be careful who you offend.
No, Google, we’re not really in control of our data. And yes, Facebook, you profit from harmful information.
Analysis: heated exchanges raise concern over anticompetitive behavior as chair warns of companies’ “monopoly power.”
Lawmakers investigating Facebook, Amazon, Google and Apple made it clear that their allegations of antitrust abuses come with a lengthy paper trail.
Invective flew Wednesday as legislators questioned Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple at a hearing of the House Judiciary subcommittee on antitrust. For the last year, that panel has probed the business practices of the Silicon Valley giants with an eye to determining if they need to be regulated more heavily, or even broken up.
4 Big Tech CEOs Get Grilled By Congress
The powerful executives sought to defend their companies amid intense grilling by lawmakers on Wednesday. The executives provided bursts of data showing how competitive their markets are, and the value of their innovation and essential services to consumers. But they sometimes struggled to answer pointed questions about their business practices. They also confronted a range of other concerns about alleged political bias, their effect on U.S. democracy and their role in China.
What Happens Next For Tegna?
On Wednesday, Amazon CEO Jeff Bezos, Facebook’s Mark Zuckerberg, Google’s Sundar Pichai and Tim Cook of Apple will answer for their companies’ practices before Congress for the first time as a group. Summoned for a House hearing, they’ll raise a hand (remotely) and swear to tell the truth, in the manner of tycoons of Wall Street or the tobacco industry in earlier high-octane televised shamings.
Apple CEO Tim Cook told investors that his company sees a “great opportunity” to become more active in creating and owning original content.
Tim Cook hinted Monday that Apple is well positioned to take over the TV. Speaking during an earnings call with Wall Street analysts, who asked what new product categories Apple would step into in 2014, Cook advised them to think about what the company already does well: Hardware, software services and its app ecosystem. No one else has a set of skills like these, Cook said, and Apple would use those unique skills to push into new product categories.
Speaking at the All Things Digital D11 Conference, Apple CEO Tim Cook reiterated that the computer giant has a strong interest in the TV market, but wouldn’t divulge any specifics on plans to release a dedicated Apple television set.
Apple will manufacture of one of its existing Mac lines exclusively in the United States next year, CEO Tim Cook told Brian Williams during an interview for NBC’s Rock Center. Cook also hinted that Apple is ready to redefine the television: “When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years,” Cook told Williams. “It’s an area of intense interest. I can’t say more than that.”
Apple Inc. CEO Tim Cook said technology for televisions was of “intense interest” but stressed the company’s efforts would unfold gradually amid speculation the iPad and iPhone maker was on the brink of unveiling a revolutionary iTV.
The move appears to be the result of an unspecified medical condition for which he took an indefinite leave from his post in January. Apple’s chief operating officer, Tim Cook, has been named CEO.