Donald Trump railed against tech giants while departing the White House Wednesday morning, claiming their actions are ‘very bad,’ and promising actions will be taken against the platforms. ‘There’s no question that what the big tech companies are doing is very bad,’ President Trump told reporters when he was specifically asked about the U.S. potentially banning TikTok. The president’s comments come just two hours before the world’s largest tech CEOs are preparing to join a virtual hearing before the House Judiciary Committee regarding potential violations of antitrust laws and competition between tech companies. WHO’S WORTH WHAT Jeff Bezos, Amazon: $179.8 billion. World’s richest man. Owns 11.1% stake in Amazon, Blue Origin rocket company, Washington Post Mark Zuckerberg, Facebook: $86.5 billion. World’s fourth-richest man. Owns 15% of Facebook Tim Cook, Apple: Estimated $600m. Apple is world’s biggest company by value. $3 million salary, stock options Sundar Pichai: Estimated $200m. Google parent Alphabet is fourth-biggest company by value. $650,000 salary, stock options Advertisement ‘We’re going to be watching the hearing today, very closely,’ Trump said while his Treasury Secretary, Steven Mnuchin stood over his right shoulder and Chief of Staff Mark Meadows over his left. Trump is highly critical of technology companies, mainly Twitter and Facebook,… Read full this story
- Zuckerberg says Facebook in 'arms race' with Russia
- Facebook needs 'a few years' to fix problems: Zuckerberg
- EU senses Facebook scandal shifts privacy tide in its favour
- Zuckerberg says Facebook made mistakes on user data, vows curbs
- Internet giants, once above the fray, on the defensive in Washington
- Dow soars 1,086 points in a miraculous comeback
Donald Trump says 'what big tech is doing is very bad' as Amazon's Jeff Bezos, Facebook's Mark Zuckerberg, Apple's Tim Cook and Google's Sundar Pichai are questioned by Congress on their 'monopolies' have 261 words, post on www.dailymail.co.uk at July 29, 2020. This is cached page on CuBird. If you want remove this page, please contact us.