May 15, 2021

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Tech CEO hearing looks like it will be postponed, source says


Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019.

Erin Scott | Reuters

The blockbuster antitrust hearing featuring CEOs from Amazon, Apple, Facebook and Google, which was supposed to happen Monday, looks like it will be postponed, a person familiar with the matter told CNBC. The service for the late Rep. John Lewis, D-Ga., seems like it will conflict with the current date, the person said.

The House Judiciary Committee and the Antitrust Subcommittee, which is set to host the hearing, have not yet confirmed the move and spokespeople were not immediately available to respond to a request for comment.

The hearing is meant to be the culmination of a more than year-long investigation into the four tech giants. Following the hearing, lawmakers plan to issue a report based on their findings throughout the investigation and propose legislation that would aim to bring antitrust laws up to date to be responsive to issues unique to digital marketplaces.

This story is developing. Check back for updates.

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