Facebook founder Mark Zuckerberg has some defending to do in front of the House Judiciary subcommittee on Wednesday, regarding the antitrust issue that Facebook – along with Google, Amazon, and Apple – is in.
Four CEOs of the dominating tech companies have released their opening testimony, in preparation for the hearing set on Wednesday. Mark Zuckerberg who has been dealing with tons of issues lately, releases his prepared opening statement.
Zuckerberg wrote that Facebook faces significant competition against the same companies who have been investigated in the past year for their dominance: Apple, Google, and Amazon, along with many others that connect people and sell advertising to business owners. “We also compete globally, including against companies that have access to markets that we aren’t in,” the 36-year-old CEO continued.
Facebook’s founder does not deny being competitive, considering the company is up against intelligent and innovative companies who are up to the challenge of taking over the spot Facebook is in, even pointing out that China “is building its own version of the internet focused on very different ideas and they are exporting their vision to other countries.”
Zuckerberg also plans to tell the House Judiciary subcommittee that WhatsApp and Instagram don’t have to be separated from Facebook as those are better off under the same corporate umbrella, adding “Instagram and WhatsApp have been able to grow and operate their services using Facebook’s bespoke, lower-cost infrastructure and tackle spam and harmful content with Facebook’s integrity teams and technology.” This statement will be a response to Elizabeth Warren’s proposal of breaking up Facebook, WhatsApp, and Instagram last year.
The hearing was originally set earlier this week but was moved in respect to the funeral of the late John Lewis.