Zuckerberg to urge US to update 'rules for the Internet'
[SAN FRANCISCO] Facebook chief Mark Zuckerberg will tell a major antitrust hearing on Wednesday that the internet giant would not have succeeded without US laws fostering competition - but that the rules of the Internet now need updating.
"Facebook is a proudly American company," Mr Zuckerberg said in prepared remarks ahead of the closely-watched House Judiciary Committee hearing. "Our story would not have been possible without US laws that encourage competition and innovation."
But Mr Zuckerberg also acknowledged "concerns about the size and perceived power that tech companies have."
"That's why I've called for a more active role for governments and regulators and updated rules for the internet."
Wednesday's unprecedented hearing will also feature chief executives Tim Cook of Apple, Jeff Bezos of Amazon and Sundar Pichai of Google and its parent firm Alphabet.
AFP
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think
Hollywood animation, VFX unions fight AI job cut threat