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Big tech in spotlight as pandemic drives consumers online

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The tech giants share prices fell yesterday ahead of the CEOs of Amazon, Facebook, Alphabet Google and Apple testifying before Congress on Wednesday. Amazon founder and CEO Jeff Bezos will be making his first appearance before lawmakers according to the FT; he is set to argue that his firm plays a crucial role in supporting small and mediumsized businesses. Bezos will be appearing alongside Mark Zuckerberg, Apple CEO Tim Cook and Alphabets Sundar Pichai, to answer accusations that their trillion dollar businesses are anticompetitive. The CEOs will all be appearing remotely, with prereleased testimony showing that they will push the idea that competition remains high, and that their businesses provide a platform for smaller companies to thrive.