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Facebook Inc, Amazon.com Inc and Alphabet Inc’s Google will face a congressional inquiry on how the big technology companies may be damaging the competitive landscape for small businesses, Bloomberg reported. House Small Business Committee Chairwoman Nydia Velazquez plans to invite the companies to face questions from the committee in late October or early November, Bloomberg said.
“Chairwoman Velazquez believes that small businesses deserve to compete on a level playing field and hopes the hearing will be an opportunity for the committee to examine how small businesses are faring given the dominance of big tech companies in areas ranging from e-commerce to internet traffic,” the report said, citing a spokeswoman for Velazquez. Big technology companies already face a series of wide-ranging investigations, including those from lawmakers and the U.S. Department of Justice, on issues such as engagement in anticom petitive behavior.—Reuters
