All of us know that the United States government has
always been peeping into the tech giants they have in their country. Every year
almost every CEO is being questioned by congress into how is data
privacy working across the globe for all consumers. As a part of the economy, all of these giants such as Amazon, Apple, Google, Facebook are growing at an enormous rate letting no competition in the market by creating a monopoly
across the globe.
Last week all CEO’s from GOOGLE, APPLE, FACEBOOK and
AMAZON was called off virtually by the Congress. The acquisition of them was
on having a huge range of market share thereby letting no space for others to jump
into the business. The congressmen asked all the questions related to privacy
issues, market capitalization, consumer satisfaction, future plans, etc. Jeff
Bezos, CEO of Amazon was questioned as a product line up of Alexa and Amazon
basics, why does their platform always promote their products instead of more
reputed brans in the first place? Bezos was replying calmly for every question
and giving all the needed clarifications for the congress.
Facebook CEO Mark Zuckerberg was asked as why is the company always trying to occupy all their competitions by putting pressure on
them and has bought companies like Instagram, WhatsApp in the past as well. He
was claiming that it was for the betterment o the nation and consumers in many
ways.
Google’s CEO Sundar Pichai was questioned on why does
Google put their as in the first priority on all their products throughout the
eco-system and thereby creating a monopoly in the system. Sundar told that
their main ambition was to bring as many people on their platform to make a
wide range of improvements in the system.
Apple’s CEO Tim Cook was questioned on whether there
is a proper security system in permitting apps on the app store as there is a
regular data breach through some apps in their app store. Tim said that their brand was meant for security and the eco-system and there has been a little
lapse in the system which will be fixed sooner in the coming future.
Overall, it seems that these brands have made a huge
monopoly in the system which has created a barrier for new entrepreneurs to
come. Even though services are great by these companies, it is also important
that other brands as well must be given a chance to grow in the system.
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Also read:
Apple removes 30,000 apps from its app store
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