WATCH: Heads Of Amazon, Apple, Facebook And Google Testify On Big Tech's Power
The CEOs plan to tell Congress that the giant American tech companies do not stifle competition, saying the concern that too much power is concentrated in too few companies is unfounded.
Updated at 12:16 p.m. ET
Do Facebook, Google, Amazon and Apple stifle competition? Not surprisingly, the tech giants' chief executives will tell Congress: absolutely not. The concern that too much power is concentrated in too few companies is unfounded, they plan to testify Wednesday.
Amid a time of rising tensions with China, some of the powerful CEOs will suggest that too much regulation could provide an opportunity for Chinese tech firms to gain a global toehold, according to opening remarks from the tech leaders released by the House Judiciary antitrust subcommittee.
"We believe in. "China is building its own version of the internet focused on very different ideas, and they are exporting their vision to other countries."
