In a few hours, the chief executives of four major technology companies — Amazon, Apple, Facebook, and Google are going to be hauled up in front of our politicians. I am surprised to see Microsoft omitted from this list, though they should be in here with the big four. They will have to defend themselves from the charges that they stifle competition as a result of their market dominance.
The short version (in case you want to skip reading the piece) — all sizzle no steak. In other words, you could (and should) avoid even thinking about it. You are not going to see the four chieftains say anything that damages their business or upsets the status quo. It is not going to impact the employees or the stocks of these companies. Hell, it is not even a photo-op: the whole non-drama is going to play out on Zoom.
Read the whole piece. A number of hot takes, all worth reading. I’m not convinced these hearings will turn into any meaningful change, especially with an election coming up with the potential to upend all political plans.