Facebook CEO Mark Zuckerberg will tell US lawmakers on Wednesday that the social network is a “proudly American company” that has competition including from Chinese…
Facebook CEO Mark Zuckerberg will tell US lawmakers on Wednesday that the social network is a “proudly American company” that has competition including from Chinese tech companies, according to his prepared remarks.
Zuckerberg is scheduled to appear before the House judiciary’s antitrust subcommittee on Wednesday via video, along with Amazon CEO Jeff Bezos, Apple CEO Tim Cook and Alphabet CEO Sundar Pichai in a highly anticipated congressional hearing.
For more than a year, members of that subcommittee have been looking into whether these internet companies stifle competition and harms consumers. Zuckerberg said in his five-page prepared remarks, which were released on Tuesday, that the company faces “intense competition globally.” Some of Facebook’s competitors include TikTok, which is owned by Chinese tech company ByteDance, and US social media apps such as Twitter and Snapchat. Zuckerberg said Facebook competes with Apple, Amazon and Alphabet, which owns Google and YouTube.
“We believe in values — democracy, competition, inclusion and free expression — that the American economy was built on. Many other tech companies share these values, but there’s no guarantee our values will win out,” Zuckerberg said in his prepared remarks.
