Bullying small techs is just one of the many things giant techs like Facebook, Google, Apple, and Amazon are being accused of.

A credible source says that the culmination of more than a year-long investigation against the CEO's of big tech companies such as Facebook, Google, Apple, and Amazon is more likely to be postponed. 

Mark Zuckerberg
(Photo : Reutersconnect)

The historic and blockbuster culmination of more than one-year investigation against the CEO's Marck Zuckerberg of Facebook, Jeff Bezos of Amazon, Tim Cook of Apple, and Sundar Pichai of Google-owned Alphabet is more likely to be delayed. 

The culmination of the anti-trust committee hearing where the CEO's are going to sit before The House Judiciary Subcommittee on Antitrust is supposed to be scheduled on Monday. However, the civil rights leader and Democratic representative John Lewis who died due to pancreatic cancer last week will lie in the state in the Capitol Rotunda. The announcement was made on Thursday. 

Supposed to be, the lawmakers plan to issue a report based on their findings throughout their year-long investigation after the hearing. Additionally, they will also propose legislation that brings anti-trust laws up to date to be responsive to issues unique to marketplaces, according to a published article in CNBC News.

The hearing has been delayed due to the global pandemic and the death of John Lewis. Democratic Representative David Cicillin expected the report to be completed by early April but the timeline has been changed due to the pandemic. 

In another report from the Axios, the meeting of the CEOs of big tech companies was scheduled to take place at noon but the date of the said meeting has not yet revealed. Meanwhile, the CEO's of the big tech companies did not respond or give comments to the request. 

It can be remembered that the issue of the four tech giants started after they were accused of monopolistic behaviors. Over the past year, the four companies were scrutinied by lawmakers and regulators. This time officials are raising concerns as these companies are raising dominance in the market which poses a threat to small tech companies. 

Smaller tech firms complained during the committee hearing in January about unfair business practices of big tech companies. Patrick Spence, CEO of Sonos, told the lawmakers in January that Google attempted and tried to restrict their innovations.

Spence also added that Google wanted to know Sonos' future product plans. Moreover, Sonos sued Google and alegged them for stealing the prototype of their wireless speaker technology. This is just one of the many accusations against the big tech firms. 

Spece said, "There's such a dominant power that exists with these companies that really even as a company of our size you feel like you have no choice."

Having four CEO's of big tech companies is a very serious matter. In fact, Rep. David Cicilline, who's heading the House subcommittee, warned to subpoena Amazon CEO Jeff Bezos to appear at the antitrust hearing. 

Moreover, there are no developing reports yet as to when  the next antitrust committee hearing would be. One thing is clear right now, that the lawmakers and regulators are taking the issue seriously.

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