Donald Trump says ‘what big tech is doing is very bad’ as Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Apple’s Tim Cook and Google’s Sundar Pichai are questioned by Congress on their ‘monopolies’

Donald Trump railed against tech giants while departing the White House Wednesday morning, claiming their actions are ‘very bad,’ and promising actions will be taken against the platforms. ‘There’s no question that what the big tech companies are doing is very bad,’ President Trump told reporters when he was specifically asked about the U.S. potentially banning TikTok. The president’s comments come just two hours before the world’s largest tech CEOs are preparing to join a virtual hearing before the House Judiciary Committee regarding potential violations of antitrust laws and competition between tech companies. WHO’S WORTH WHAT Jeff Bezos, Amazon: $179.8 billion. World’s richest man. Owns 11.1% stake in Amazon, Blue Origin rocket company, Washington Post Mark Zuckerberg, Facebook: $86.5 billion. World’s fourth-richest man. Owns 15% of Facebook  Tim Cook, Apple: Estimated $600m. Apple is world’s biggest company by value. $3 million salary, stock options Sundar Pichai: Estimated $200m. Google parent Alphabet is fourth-biggest company by value. $650,000 salary, stock options Advertisement ‘We’re going to be watching the hearing today, very closely,’ Trump said while his Treasury Secretary, Steven Mnuchin stood over his right shoulder and Chief of Staff Mark Meadows over his left. Trump is highly critical of technology companies, mainly Twitter and Facebook,… Read full this story

• House Democrats say Big Tech must be reined in
• House will override Donald Trump if he vetoes Defense agreement which will rename Confederate bases - as he rages Republicans must 'get tough' and wrongly claims it will 'desecrate National Monuments'
• Nancy Pelosi and Mitch McConnell rush to vote through Defense bill in face of Donald Trump's threat to veto it unless it also ends internet giants' Section 230 protection
• Is Trump Ready to Sacrifice Major Defence Bill for Killing Big Tech's Section 230 or is He Bluffing?
• A Conservative Path Forward on Big Tech | Opinion
• 'The wrath of Mark': Lawsuit trying to break up Facebook claims Zuckerberg threatened 'ominous ramifications' to Instagram if it did not team up as he sought to build 'competitive moat' around his empire
• Facebook and Google 'will be hit with FOUR more antitrust lawsuits in the coming weeks' in latest move against Big Tech
• Google accused of being a monopoly by US in largest antitrust lawsuit in two decades
• Big Tech says it cares about climate—but do its lobbyists?
• The Dark Side of Big Tech’s Funding for AI Research

Donald Trump says 'what big tech is doing is very bad' as Amazon's Jeff Bezos, Facebook's Mark Zuckerberg, Apple's Tim Cook and Google's Sundar Pichai are questioned by Congress on their 'monopolies' have 388 words, post on www.dailymail.co.uk at July 29, 2020. This is cached page on NGHONG. If you want remove this page, please contact us.