Kent Walker speaks at a “Grow with Google” launch event in Cleveland. via Google Google previewed Friday how it plans to fight off the U.S. government’s charges of illegal monopolization when it goes to trial in District of Columbia District Court next week. The trial marks the first major tech antimonopoly case in the U.S. in decades, after the Department of Justice successfully argued Microsoft had violated antitrust law more than 20 years ago. The DOJ and a coalition of state attorneys...

watch now When the CEOs of Amazon, Apple, Facebook and Google parent Alphabet testify before Congress on Wednesday, it won’t be exactly what the House Antitrust Subcommittee members envisioned when they launched their probe last June. For one thing, it will be held over video conferencing software due to pandemic-related precautions, eliminating the optics of the four executives being sworn in before an elevated panel of lawmakers. And with 1.3 million documents already obtained from the...

CEOs of American tech giants testified remotely on Capitol Hill today—Here’s what they had to say For more than five hours, members of the House Antitrust Subcommittee grilled the CEOs of Alphabet, Amazon, Apple and Facebook — four of the country’s five most valuable companies, with only Microsoft missing — on a wide range of matters. The CEOs dialed in through video conference while most of the committee members were present in Congress, where Chairman David Cicilline, D-R.I., repeatedly...

Amazon CEO Jeff Bezos speaks via video conference during a hearing of the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law on “Online Platforms and Market Power”, in the Rayburn House office Building on Capitol Hill, in Washington, U.S., July 29, 2020. Graeme Jennings | Pool via REUTERS David Heinemeier Hansson said he was “smiling broadly” by the end of Congress’ grilling of the four Big Tech CEOs this week. “I was frankly blown away,” said Heinemeier Hansson,...

watch now Disney reported mixed earnings for its fiscal third quarter on Tuesday, but the stock rose 5% in extended trading after CEO Bob Chapek announced a new streaming service and said Disney+ subscribers will get exclusive access to the release of “Mulan,” which has been repeatedly delayed due to theater closures. Disney continues to feel the impact of the coronavirus pandemic on sectors like its parks business, where revenue plunged 85% from a year earlier. Here are the key...