The tech industry’s “Big Tobacco moment”, where the bosses of four of the biggest companies – Apple, Amazon, Facebook and Google – are giving evidence to the US Congress in Washington today.
The House of Representatives’ Antitrust Subcommittee is investigating whether the power, size and tactics of the four companies has crushed competition, reduced innovation and harmed consumers.
It is the first time tech’s most well-known bosses have appeared together in front of a committee and their performance could well decide whether US politicians decide to introduce new laws curbing Big Tech’s power.
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In This Story: Tim Cook
Timothy Donald Cook is the chief executive officer of Apple Inc., and previously served as the company’s chief operating officer under its cofounder Steve Jobs.
Cook joined Apple in March 1998 and was made the chief executive on August 24, 2011, prior to Jobs’ death in October of that year.
Since 2011 when he took over Apple, to 2020, Cook doubled the company’s revenue and profit, and increased its market value from $348 billion to $1.9 trillion.
In 2014, Cook became the first chief executive of a Fortune 500 company to publicly come out as gay. Cook also serves on the boards of directors of Nike, Inc., the National Football Foundation, and is a trustee of Duke University. In March 2015, he said he planned to donate his entire stock fortune to charity.
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In This Story: UK
UK is the abbreviated form of the United Kingdom of Great Britain.