that is a worry for zuckerberg. he is a long-term thinker. he spent a couple billion dollars for virtual reality company because he thought that was going to be the competitor in ten years from now. he said he wanted to own the technology. come if he doesn't get the best engineers, the best ai people, the best everything, he can't fulfill that vision. he can't compete in the years to come. so he's very worried if he loses his workforce and facebook isn't a good and moral place to work for it. >> host: a lot of critics said as you say that it isn't regulators or even the marketplace that will curb these companies begin to use, because in the firms it's all about human capital and who can get the best work for them. there was a piece recently by sam, the former vp product development at facebook information, and he posed some really interesting ideas about this coming battle between the virtual world and the physical world. and this is sort of about transition we are now going through in this covid era overnight. we knew we were going more digi

i think zuckerberg is responsible. eventually he admitted of not monitoring that stuff more closely because when things went awry in that realm, and a lot of the things were talking about during the election were in that category. it was below is radar. he was unable to marshal the resources to fight that when is happening. rana: she was forma former chief staff for the biggest economic advisor for the clinton campaign. the architect of a lot of deregulation in the financial sector and what was done in the financial sector and what is really been done the tech sectors little bit okay this keep the market open the big get bigger. sway for america to have more giant software companies. and yet at another level, not a lot of awareness. not everybody are not a lot of us can be a software developer. we can't have an economy where you've got like a witch bath where you've got a multibillion-dollar evaluation in 19 employees. that conversation particularly in the biden administration since we coming to the floor. in your book

zuckerberg? >> congressman, i think it's well documented that the chinese government steals technology from american companies. >> thank you. mr. bezos? you're on mute. >> mr. bezos, i believe you're on mute. >> i'm sorry. i was saying i have heard many reports of that. i haven't seen it personally, but i've heard many reports of it. >> so, of all the different products amazon carries you haven't seen it in the products on amazon or your company or yourself? >> certainly there are knock off products if that's what you mean. there are counterfeit products and all of that. but the chinese -- the answer is the chinese government stealing technology, that's the thing i read reports of but don't have personal experience with. >> it's no secret that europe increasingly seems to have agenda of attacking large successful tech companies yet europe's approach to regulation in general and antitrust in particular seems to have been much less successful than america's approach. as you all know from direct exp

in other countries, mark zuckerberg says -- some are censoring citizens. then there are fundamentalist groups who are very much using facebook for their illicit purposes. a host of problems for somebody who profess this is all about community and getting people together. really what mark zuckerberg is into is politics. >> yes. i think that's a good way of putting that. further, if we were to give him some benefit of the doubt, he didn't invent social networking, but he practically did. it's the most important social network out there. nobody has a guide book how to put this together. maybe that's why what we're seeing so often is him making tactical moves instead of making strategic moves. seems like he's constantly putting out a different fire every day. there's a different controversy every day. perhaps that's because he has no way of looking back at how somebody else has done this in the past? >> that's right. he is a pioneer in his own way, but the greater problem is that, as you alluded to, he's trying to put out fires all the time, he's throwing mone

well, zuckerberg said its money that motivates me. i think obviously the finances are important and he sees it as a way that they can continue to grow and maintain its users. that is what is important to h him. the advertising models there is a moment where is that i don't understand, you don't charge money. how can you make billions of dollars and he sai that he saide run ads. facebook says these are good for people because we know a lot about you and we can show you relevant ads which are things you'd like to see and that can be of service to you. in some cases that happens and they will send you an ad for things you like that you wouldn't have known about otherwise. they also know so much about cuba advertisers can use that information to sort of prove your weak points and that is something people don't want but it is part of facebook. that's where things run into problems and people learn about and become alarmed about it and i think that is the way the trump campaign used facebook in 2016 and i think it is th that y political adv

move to the questions against mark zuckerberg and for mark zuckerberg. a lot of it is regarding the ftc decision to approve facebook's purchase of instagram. that is back in 2012. and one of the questions directed at zuckerberg this look like a illegal manuever now. seems like zuckerberg in some of his answers seemed to kind of say, well, maybe you could view it that way now. do you think there will be some reopening into facebook's ownership of instagram, whether it is indeed anti-competitive, which we should say the entire reason we're having this hearing today? >> it is anti-competitive. it is good it is being brought up. a article i saw disclosed emails zuckerberg written about it. he bought the company to put out out of market and [inaudible] cheryl: okay. let's move on. again we're having a little bit of trouble with you. we really haven't heard a lot from tim cook. really i would like to hear more from jeff bezos. hopefully these committee members will bring in mr. bezos more, since i don't know, he is the richest man in the world and obviously du

zuckerberg. founder, chairman and ceo of facebook. mr. zuckerberg initially launched facebook in order to help connect college students at his school more easily. since then, the company has grown into the world's largest social media platform with 1.7 billion global daily active users. he attended harvard before leaving the focus full time on developing facebook. we welcome all of our distinguished witnesses and thank them for participating in today's hearing and now, we'll begin by swearing you in and before i do that, i wanted to also remind you that you are the only ones from your respective companies invited to testify today. and in accordance with normal house practice in section g of the house remote committee proceeding regular lactions, yo sworn testimony must be your own. let me know if at any point, you wish to mute yourself if you wish to confer with your county counsel. will you mute your microphones and raise your right hands. do you swear or affirm under penalty of perjury that the

zuckerberg. founder, chairman and ceo of facebook. mr. zuckerberg initially launched facebook in order to help connect college students at his school more easily. since then, the company has grown into the world's largest social media platform with 1.7 billion global daily active users. he attended harvard before leaving the focus full time on developing facebook. we welcome all of our distinguished witnesses and thank them for participating in today's hearing and now, we'll begin by swearing you in and before i do that, i wanted to also remind you that you are the only ones from your respective companies invited to testify today. and in accordance with normal house practice in section g of the house remote committee proceeding regular lactions, yo sworn testimony must be your own. let me know if at any point, you wish to mute yourself if you wish to confer with your county counsel. will you mute your microphones and raise your right hands. do you swear or affirm under penalty of perjury that the

zuckerberg is now recognized for five minutes. mr. zuckerberg: thank you. before i begin, i want to add my voice to those honoring congressman john lewis and his service to our country. america has lost a hero who never stopped fighting for the rights of every person. chairman cicilline, sensenbrenner, members of the subcommittee, thank you for the opportunity to testify. the tech industry is an american success story. the products we build have changed the world. our industry is one of the ways that america shares its values with the world and one of our greatest economic and cultural exports. facebook is part of this story. we started with an idea to give people the power to share and connect. we built services that billions of people find useful. i am proud that we have given people who never had a voice before the opportunity to be heard. and have given small businesses access to tools only the largest players used to have. i am proud emerged, that people have used our services to stay in touch with friends and family who they cannot be with in person a

say the same about mark zuckerberg. whether he is leveraging unfairly that advantage he has in social media. i just wonder if it will get maybe because of the more virtual nature of it, anything like it got with the attorney general in person yesterday? >> we'll see. and maybe the virtual nature of it does somehow diminish the temperature in the room. multiple rooms. and yesterday, it was heavy into politics. you know barr is at the center of all sorts of conflicts between the congress and the president and has played a not just a role but a strong role, that is highly controversial. lear politics will probably enter -- a lot is about economic restraint and competition. these are economic arguments that can get heated but perhaps not quite as partisan but when it comes to facebook that is a different story. this is a platform that has serviced a number of viewpoints that both sides of the political spectrum find odious. there has been problems with hate speech on the platform. all the things that we know about facebook

zuckerberg, which parts of the narrative have you addressed? or do you just see that essentially as the cost of being a forum in a marketplace for ideas? is there nothing that can be done about the use of facebook to injenengender social divisio america? >> congressman, thank you. since 2016, there have been a lot of steps we've taken to insure the integrity of elections. it's more than 30,000 people to work on safety and security. we've built up a.i. systems to find harmful content. including finding more than 50 different networks of coordinated and authentic behavior, basically nation states trying to interfere in elections. >> let me pause you for a second. because i'm interested ichb that. the stop hate for praofit campaign -- and they're targeting facebook right now for a boycott because of the rapid spread of hate messages online. the presence of googleoorks and other right wing extremists groups to disrupt and anti-semitic content flourishes on facebook. they're asking you to remove the pages and join the move for civil rights by not al

and zuckerberg said we sell ads. and orrin hatch said, oh, i get it. >> yeah. >> i was on capitol hill reporting on those times when zuckerberg was testifying before the house and the senate this is going to be so different because not only are there so many different topics but you also have the fact that you have these four major ceos there all together, jon. >> yeah. the temptation for these politicians is going to be to say something, to ask question that that ends up being in a campaign commercial of some sort, which won't necessarily get us to the point in development of anti-trust theory where perhaps we want to get but right now let's get to eamon jafrs with more on what we should expect. eamon. >> yeah, jon one of the things to look at today is the symbiotic relationship in many ways between these companies the members of congress and the washington establishment generally. remember, lobbying is the way that you take economic power and turn it into political power and all of these companies have been doing t

zuckerberg has testified 900 times. it doesn't matter. he won't fact check it at one point during the hearing, congressman jim sensenbrenner questioned zuckerberg about how donald trump jr.'s twitter account was suspended, and it was a little awkward. watch this >> it was reported that donald trump jr. got taken down for a a period of time because he put something up, the efficacy of hydroxychloroquine why did that happen? >> congressman, well, first to be clear, what i think you might be referring to happened on twitter so it's hard for me to speak to that >> jimmy: the congressman was um, what's the difference? then the congressman was twitter, right, right. so that question is for you, jeff bezos but it was a big day on capitol hill with all the most important leaders in tech appearing to testify here's what they had to say before things got started. first, apple ceo tim cook said "i'm prepared to speak to lawmakers. then facebook ceo mark zuckerberg said "i look forward to testifying. then amazon's jeff bezos said "

but it got mark zuckerberg attention on june 26th he went on facebook live to deliver a statement on hateful content much of which consisted of familiar sounding platitudes were able to identify 90 percent of the speech that we were. already want to stir zuckerberg did promise however to do more to ban openly divisive and inflammatory rhetoric along with a new policy on flagging hate messages that's more in line with his rivals twitter we're going to start labeling on times that we find newsworthy i don't want to buy i don't know if he has done these or changes facebook has long resist the company's hand was clearly forced by the ad boycott and the changing socio political realities of 2020. i were in the middle of a well. people have been locked in. and not only about but we're also if he needed unprecedented civil unrest in the middle of a. we've been seeing more violence against people of color in the faith for years now but we've never seen a president of the united states openly call for about 40 islands and we've never seen a social media platform actually we i've met that says

zuckerberg. it sounds like you are conceding at least some of those strategies are what i identified, and is so i want to talk a little bit about that. in 2014, it's from facebook's current chief financial officer describing the company's acquisition strategy as, quote, a land grab and saying we are going to spend 5-10% of our market cap every couple of years to shore up our position. and my sense of the facts is that that is, in fact, what has occurred. facebook, as you conceded earlier, that instagram was a competitor of facebook's. you acquired instagram in 2012. instagram is now the sixth largest social media platform in the world, is that right? >> congressman, i'm not sure what rank it is, but it's certainly growing beyond our wildest -- >> i can represent to you that the statistics demonstrate, empirical data shows it's the sixth largest. in 2014 facebook bought its competitor, what's app, is that correct? >> congressman, yes. what's app was also both a competitor and complimentary. they c

zuckerberg. i think pat this point it is fairly obvious that technology platforms have been stifling conservative news and opinions. you employ a panel in of content moderators. can you explain how facebook chooses who these moderators are? >> thanks, congressman. we do hire a lot of people around the world to work on safety and security. our team is more than 30 or 35,000 people working on that now. we certainly try to do this in a way that is neutral to all viewpoints. we want to be a platform for all ideas. i don't think you build a social product with the goal of giving people a voice if you don't believe that people being able to express a wide variety of things is ultimately valuable for the world and we try to make sure that our policies and our operations ultimately reflect and carry that out. >> is there idealogical diversity amongst the content moderators? >> congressman, i don't think we choose to hire them on the basis of an ideology. they're hired all over the world. there are certai

mr zuckerberg, mr gerrard and's a litany of censorship zeros in on facebook. exactly what are your standards and filtering out political speech? some people out there may not agree with. thank you for the opportunity to address this. our goal is to offer offer a platform for all ideas. we want to give everyone in the world a voice to share their experiences and ideas, a lot of those are things that happen day in their lives. i think we have distinguished ourselves as one of the companies that defends free expression the most, we do have community standards around things that you can and cannot say, i think you would likely agree with most of them, banning categories of harm such as promoting terrorist propaganda, child exploitation, incitement of violence, some more legalistic things like intellectual property violations. and they also ban things like hate speech that could lead to dehumanising people... like hate speech that could lead to dehumanising people. . m like hate speech that could lead to dehumanising people... ifi like hate speech that could lead t

fauci and mark zuckerberg spoke on facebook live today. the social media ceo questioned the doctor about the country's response to the pandemic. the majority of the conversation was around the coronavirus and the fight to find a vaccine. but zuckerberg did use the opportunity to express his discontent with how the white house has handled the pandemic. >> i just think it was avoidable and it's really disappointing that we don't have questioned testing, and the credibility of top scientists like yourself and in the cdc are being undermined, and that until recently parts of the administration were calling into question whether people should even follow basic practices like wearing masks. >> masks are very important. they protect you from giving infection to someone else. if you happen to be inadverte inadvertently infected, and i'll get back to that in a moment, there's such a significant percent of cases that are actually without symptoms. >> as you heard, dr. fauci did not really respond to zuckerberg's criticism of the administration. inst

areas of zuckerberg's life, like the initiative he has formed with his wife, priscilla chan. kurt: being mark zuckerberg right now is not really the kind of person that people want to associate with. that extends down facebook. his philanthropy committee chan zuckerberg initiative, as no had some employee pushback and some of the scientists they fund, they provide grants, they have written a letter that is basically asking mark zuckerberg and facebook to do more around hate speech. we spoke to some of the scientists last week and they said they are still waiting to see what they can do now to force more concrete change at facebook. it goes to show that when you have an issue in your private company, that extends to all the things you are doing. even giving away money becomes now a challenge because of the way facebook operates. caroline: thanks for taking the time. i know you're a busy man covering all this. coming up, second time's the charm. after last month's attempt to buy grubhub, uber eats has finally made a purchase of postmates. this is bloomberg. ♪ caroline: this i

hill this is the first time that all four executives, jeff bezos, tim cook, sundar pichai and mark zuckerberg have testified in front of congress. three of them have a market cap of over a trillion apple is the largest at 1.6 trillion and only facebook is below the trillion-mark threshold. let's dig in to what we can expect, and with that we go to elizabeth dwoskin. william kovacic and ed lee is a reporter at the "new york times" and cnbc contributor we have a visual of you, so i'll turn to you first. what exactly is the expectation of where the line of questioning will start and what the most important objective is here today? >> a few things. this will happen over a cisco w webex call so it's not going to be the same kind of sweat on your brow feeling you get in other hearings these guys will grandstand for a few minutes whether it's bezos or sindhar or mark to answer the questions. i think they'll have some things to say just to show they know what the contours are, then we'll see how serious they are about antitrust and whether there needs to be different kinds of legislation or different

. >>> first, they'll be back that's the message from facebook ceo mark zuckerberg as more advertisers pull out of advertising on the platform. advertising on the platform. we're going to break down th you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. impact when "fast money" returns. ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. i see a new kitchen with a grill and ask, "why not?" i really need to start adding "less to cart" and "more to savings." sitting on this couch so long made me want to make some changes...starting with this couch. yeah, i need a house with a different view. and this is the bank that will help you do it all. because at u.s. bank, our people are dedicated to turning your new inspiration into your next pursuit. to turning your new inspiration ♪ ♪ now is the time to support the places you love. spend

zuckerberg accepted that they were a competitor. in the space of mobile photos and camera apps, which was growing, they were a competitor. i have been clear about that. zuckerberg was also asked whether he, at one point, wanted to buy google. "it will be a while before we can buy google." do you recall writing that e—mail? congressman, i don't specifically, but it sounds like a joke. to apple's tim cook, and some pretty pointed questions. that apple uses its position to hurt businesses. this was cook's defence. sir, we do not retaliate or bully people. it's strongly against our company culture. bezos: i was born into... and the questions got harsher, at one pointjeff bezos' amazon's treatment of smaller businesses was compared to a drug dealer dealing with a drug addict. "and you had to get your next fix, your next cheque." so, mr bezos, this is one of your partners. why on earth would they compare your company to a drug dealer? sir, i have great respect for you and this committee but i completely disagree with that characterisati

zuckerberg accepted that they were a competitor. in the space of mobile photos and camera apps, which was growing, they were a competitor. i have been clear about that. zuckerberg was also asked whether he, at one point, wanted to buy google. "it will be a while before we can buy google." do you recall writing that e—mail? congressman, i don't specifically, but it sounds like a joke. to apple's tim cook, and some pretty pointed questions. that apple uses its position to hurt businesses. this was cook's defence. sir, we do not retaliate or bully people. it's strongly against our company culture. bezos: i was born into... and the questions got harsher, at one point jeff bezos‘ amazon's treatment of smaller businesses was compared to a drug dealer dealing with a drug addict. "and you had to get your next fix, your next cheque." so, mr bezos, this is one of your partners. why on earth would they compare your company to a drug dealer? sir, i have great respect for you and this committee but i completely disagree with that characteris

i spoke about mark zuckerberg. we'll run the interview this weekend. they say facebook might be better served if zuckerberg were not the ceo. that's not going to happen considering zuckerberg has the majority of facebook stock and can do whatever he wants. facebook has faced so much controversy the apology it always gives in each trophy has been abbreviated. it was "the new york times" who first came up with this idea of abbreviating it. chris and marcus, i tossed this to you at 5:15 but i will not quiz you. wkwhmwtz. that is we know we have more work to do. listen for that from facebook in the next couple of days. >> say that six times fast. >> next time i have a disagreement with my husband i'll try to abbreviate the policy. i'll let you know how it goes. >> thanks, scott. >>> happening today for you, this is a call of action to uplift the black community. today is blackout day. so what this is, a call for all black lives matter supporters to spend their money with black-owned businesses in an effort to bring attention to america's racial wealth gap.

i want to focus on mark zuckerberg's testimony. take a listen to this exchange with representative nadler. >> you have written that facebook can likely always by any competitor. on the day facebook bought instagram, which you described as a threat, you wrote, one thing about startups -- you were referring to companies like instagram, weren't you? >> i've always been clear that we viewed instagram as a competitor and a complement to our services. in the growing space after smartphones started getting big, and they competed with us in mobile cameras and photo sharing , but almost no one thought of them as a social network. people didn't think of them competing with us in that space. i think the acquisition has been wildly successful. we were able to continue investing and growing it as a standalone brand that now reaches many more people than kevin or i thought would be possible at the time. >> in early 2012 when facebook contemplated acquiring instagram, you told your cfo that instagram could be very disruptive to us. in the weeks l

how do you think mark zuckerberg is responding to this? ellen: you know, it is more of the same, i feel like, and it is not just mark, it is all of the social-media platforms. they have come and to say that they support black lives matter, but then when you look at what happens on their platforms, it is a mess. once they get called out, they will make a a few changes, but it is often the minimal, and they want to figure out some way of doing it that ends up being very ineffective. this requires a lot of change. it requires a new team of people doing the work, because clearly the people who have been doing it in the past are not doing a good job come and it doesn't include that they want to or can do a good job. let's get better people in there, let's figure out how you put metrics to a to see if you are being effective, is see if the measures you are taking are working, and let's also have more people who are directly impacted by the harassment on your site making decisions. instead of having this team that is very homogenous, let's be sur

frankly, i am befuddled why zuckerberg is so attached to that policy. if he changed that, i think he would get a lot of heat removed from him. the problem is it would anger the president because it is, many of the presidents allies and the president himself in some cases that utter untruths and sometimes put them in their ads. facebook is just unwilling to risk angering the president. taylor: our thank you as always for that analysis. that is david kirkpatrick, founder of techonomy. one of the more interesting developments from the coronavirus lockdown has been an unprecedented number of new retail investors entering the investing game. we will have more on the rise in retail with the founder of interactive brokers group. all of that next. this is bloomberg. ♪ taylor: some are calling it the robin hood affect. retail investors have flooded the markets as stocks have rebounded. that oneing to build of the key drivers of the beaten-down shares that are dominating the rally. our bloomberg wall street correspondent is standing by with a veteran market mak

mark zuckerberg, jeff bezos, tim cook and sundar pichai have all been questioned — following a 13 month investigation by us lawmakers. our technology correspondent james clayton has been watching the hearing. these four titans of tech run companies that are worth nearly £4 trillion. today they were grilled over whether their companies are too big, and whether they stifle competition. the richest man in the world, jeff bezos, runs amazon, which accounts for around 40% of online retail in the states. mark zuckerberg is the boss of facebook, instagram and whatsapp with more than 2 billion users worldwide. google and youtube are run by sundar pichai. around 90% of internet searches are on google. apple is run by tim cook, the most valuable of the big four and the company behind the iphone and its software. the big question is, do they own a bit too much of the internet? that's what us legislators wanted to find out today. thank you. before i begin to lift -- thank you. before i begin to lift —— before i begin... zuckerberg on the hook first and asked whether they simply bought competit

mark zuckerberg controls these platforms. he has plenty of options, and some choices to make anchor: narrator: funding for this presentaon of this program is provided by... language specialists teaching spanish, french and more. raymond james. the freeman foundation. by judy and peter pursuing solutions for america's neglecteneeds. and by contributions to this pbs station om viewers like you. thank you. [bright music] - pbs american portrait is... - a platform where anyone can come and share their stories. - there's a whole great list of prompts to get you started. en i was 18 and joined the marine corps. - when i decided to accept myself and excel. - and it's been an amazing journey ever since. - this project can help bring us together. - ton to each other. - to understand what it really means to be an american. - you should bera part of pbs amican portrait... - because tory is powerful. - because it may inspire a change in life for others. - and the american story wouldn't be mplete without your story. - to join, go to pbs.

julia boorstin with the details in zuckerberg's testimony. >> reporter: that's right, melissa. in his written testimony mark zuckerberg defending facebook's scale and reach saying they face plenty of competition when it comes to the advertising market. and in his written testimony he says facebook became successful the american way, saying, quote, we started with nothing and provided better products as i understand our laws, companies aren't bad just because they are big zuckerberg making three key points in defense of facebook's size first saying, quote, our story would not have been possible without u.s. laws that encourage competition and innovation he points to the challenge from china saying facebook believes in the american values of democracy and free expression. china is building its own version of the internet focused on very different ideas and exporting their vision to other countries. second, zuckerberg defending the acquisition of instagram and whatsapp saying they became what they are thanks to facebook's infrastructure and third, saying facebook is asking for mor

zuckerberg because it psenated the situation. he had to defend himself about his acquisition ofnstagram. he was asked, did you buy it rather than compete with that? that is how you neutralize that? oshe used words, apparently. he did not deny that but he said it was a badcquisition that made instagram into the company it is. th regulatory powers at that time said it was not illegal. you saw the two kinds of approaches between the congresspeople and the tech tightens. -- titans. you saw one other thing, more questions about the misinformation and hat speech and how he deals with that. i think many congresspeople are worried about that but this is a hearing about competition and for them to move on it, they need to get the detail h abo these companies are harming consumers and rivals. if they don't focus on that, they might nth get the punch need. ros: can congress do anything arout the concerns which w hearing from the demrats or is this just about us hearing these utch leaders under pressure on these issues? reporter: yes, congre

. >> two very important acquisitions that zuckerberg made i think in those situations, he's likely to stress those two companies are successful they can can be people because of facebook's ownership and all the infrastructure that that has provided i think we'll hear a lot from them about how they face a lot of competition in the advertising space. zuckerberg and sheryl sandberg making a big push recently to help small businesses who are the majority of advertisers on their platform he do expect to hearing some questions about other issues that facebook has, the proliferation of hate speech, the spread of misinformation and questions about manipulation around the election. so i think those questions are about to come up, but zuckerberg will say they got big and successful the old-fashioned american way and abiding by the laws. >> julia, you raise a good topic. this is about antitrust, but we're likely to hear about a number of other issues, as well, julia, right >> i think this is an opportunity for the lawmakers to make a number of points. obviously antitrust is what is most in focus

apple ceo tim cook and mark zuckerberg took the opposite approach. they claimed or tried to claim that their platforms are not dominant. take a listen. >> we don't have a dominant share in any market or in any product category where we do business. >> our services are about connection, and our business model is advertising. we face intense competition. in many areas, we are behind our competitors. >> so the big thing that all four of these ceos want to do here today, convince lawmakers not to break them up. that's an idea that has really gained a lot of traction here on the hill in recent years thanks to elizabeth warren and the plan that she had to do exactly that. >> one thing that surprises me that i wasn't come up a lot which we were expecting to hear where these accusations from republicans about anti-conservative bias. jim jordan brought that up off the top in his opening remarks, but no one circle back on it yet, so we will bring you that as soon as they get into it. >> and i'm sure they probably will. gillian turner, thank you. we will get ba

mark zuckerberg responded when asked about the role is organization could play in stopping the spread of misinformation or we do prohibit content that will lead to imminent risk of harm and stating that there is a proven cure for coverage when there is in fact no one might encourage them to take something that could have some adverse effect so we do take that down. fisher joins us live now from washington d.c. allan what have they said about misinformation. well they should really be talking a great deal of misinformation because this is an antitrust hearing which means that trying to talk about their business practices whether or not these 4 companies are actually strangling innovation whether some of the tams to get on their platforms are so strict that it's stopping smaller companies develop their policies and develop their products as sensually killing competition but they did talk about misinformation because it's something that the republicans have been very keen to hammer on whether or not conservative voices are disadvantaged on social media and also whether or not at that som

zuckerberg said repeatedly that they do not want to be an arbiter of truth, so some things are being taken down, particularly when it comes to amount of inflammatory remarks that trump has made. this is where they fall short. groups aregn by race urging companies to stop advertising on facebook during july is gaining momentum. within 400 brands including honda, coca-cola, ford, and unilever, one of the world's largest advertisers of consumer goods, are pausing their ad campaigns p the boycott is aimed at causing enough financial damage to force mark zuckerberg into changing his policy. iswhat brands are asking for for the industry to put in place advertising industry wide policies which are consistent across the board, which means setting standards of what is harmful content. today, it will depend on the platform you're dealing with. it is about findingng common was of reporting the incidents of harmful content, putting in place third-party clarification for the data, which is being reported. and it is about creating tools which allow brands to be making informed decisions on where t

art hogan, thank you very much >>> and coming up, facebook ceo mark zuckerberg set to meet with civil rights groups today amid an ad boycott of the social media giant. we'll talk the expectations for that meeting and first as we head to break, here are some of the this morning's other headlines. target, walmart and dick's among major retailers pulling merchandise carrying the name of the washington team. they are evaluating considering changing their team. and colin kaepernick has signed a production deal with disney. the former nfl quarterback will tell the story of his journey from the football 2350e8d for h field to a civil rights leader sfloop a >>> and toich badeutsche bank ae enter a deal ♪ ♪ now is the time to support the places you love. spend 10 dollars or more at a participating small business and get 5 dollars back, up to 10 times with american express. enroll now at shopsmall.com. >>> economic activists are bringing their message to the checkout counter and urging black americans to reconsider where they spend their money today. courtney reagan has more on what we are

. >> tech ceos on the hot seat from bezos to zuckerberg, the historic antitrust hearing today. how the top executives from amazon, facebook and others plan to defend their companies from claims they're too powerful. how big is too big? >>> covid-19 relief rip-off. new details about the man accused of using coronavirus relief money to buy a $300,000 lamborghini. what we've learned about his past. >>> running mate mystery. the photo giving us a glimpse at joe biden's notes. what they say about a potential vp pick. >>> ready to play. the changes coming to "wheel of fortune" and "jeopardy" to get them back on the air during the pandemic. >>> and zooming into the future. a rare look inside buckingham palace as the queen's daughter tries to teach mom how to use a video conferencing app. >>> good wednesday morning, everyone. we begin with the new government report warning that 21 states are now in the so-called red zone when it comes to the coronavirus. >> that means doctors are recommending more restrictions in those states to stop this virus. a fema memo obtained shows deaths from t

fauci's interview with facebook ceo mark zuckerberg. but did fauci hit the mark? here now is -- you heard governor kemp. he said that if young people wear a mask and a socially distance, they will have a better chance of having a football season and going back to college. that's fine, people are going to try to do what they can do but we've already exposed the science behind regular cloth mask wearing, not surgical masks, is a little dubious. in this interview we were talking about with mark zuckerberg, fauci strongly recommend mandating masks, including ones that are not medical grade, watch. >> the recommendation was to not to wear a mask because of the shortage of it. two things happened. one, it became there that we had enough equipment, so there was no shortage. it became clear that cloth coverings -- you didn't have to buy in a store, that you can make yourself were adequate. >> laura: that's the rub, is it not? are cloth coverings making people safer and adequate? >> i think the short answer is no. there actually are studies that show that cloth masks are n

america's tech titans on the defensive facebook's mark zuckerberg alphabets sundar pichai amazon's jeff bezos and apple's tim cook all face the virtual grilling on capitol hill lawmakers say the c.e.o.'s and their companies are abusing their position and crippling the competition many of the practices used by these companies have harmful economic effects they discourage entrepreneurship destroy jobs high cost and a great quality simply put they have too much power for hours these big tech c.e.o.'s addressed allegations including abuse of power data survey lines and political censorship why does google steal content from honest businesses i disagree with that characterization just last week i made many small businesses in fact today he supported 1400000 small businesses supporting over $385000000000.00 in net on economic activity amazon has nearly 7 times the market share of its closest e-commerce competitor one seller told us that and i quote amazon continues to be the only show in town no matter how angry sellers get they have nowhere else to go so are you saying that these people aren

zuckerberg is right, though, right now we are in disarray zuckerberg how do you like that gottlieb versus zuckerberg, how about that >> well, no, they seem to be on the same page. >> i'm saying as a fun thing to do they're fine. >> right. >> blinky -- i mean, zuckerberg and gottlieb, it could be a very -- i like the fact that fauci sat down with him. fauci is a creative guy. and he's still there isn't that incredible. carl, isn't it amazing he is still there after what he has had to deal with >> yeah. i mean, he was on the cover of "in style" magazine this week and kind of talked about the fact that, you know, i think -- how did he put it, this is life in the fast lane and i don't think he's going anywhere, jim i don't know about you. >> i attribute everything to the fact that he went to regis which i regard as being the best school in new york city. >> it's certainly up there as one of them, dwrim he has -- he's not allowed to go on tv so he does everything like he did with zuckerberg >> he streams it. >> the work around right, streaming they haven't figured out that that's it. v, i gues

>>> later today the of an ad boycott against facebook will come face-to-face with mark zuckerberg. the social media giant is facing backlash about how it handles hate speech. "today in the bay's" bob redell, what are organizers demanding? >> reporter: marcus, the organizers of th the #stophateforprofit campaign have ten demands they plan to stress during today's meeting with mark zuckerberg including that facebook ad dedicated to civil rights refund advertisers whose ads were shown next to hateful contempt and submit third-party audits of hate speech and misinformation on the site. last month the coalition of civil rights organizations formed the campaign to pressure advertisers to stop spending on facebook's platform over its handling of hate speech. hundreds of businesses have pulled ads, walgreens, best buy, ford and adidas. in response mark zuckerberg announced policy changes in a recent virtual town hall meeting. >> to crack down on voter suppression and to fight hate speech. >> we need concrete measurable change and we need it now.ly ad want it either. >> reporter: the boycot

next mark zuckerberg. rivals accuse facebook of being a monopoly power in the world of social networking. i think with hindsight it looks obvious that instagram would have reached a scala has today but at the time it was far from obvious. this was the response. facebook so instagram at the time as a top contender... they purchase it. this is exact to the type of antitrust legislation that was created to prevent. tim cook next, he's the ceo of apple. it's been accused of unfairly using its clout over its app store to block rivals and charge high commissions. here's what he's said. we have fierce competition at the developers side and the customer side which is essentially, it's so competitive, i would describe it as a street fight for market share in the smartphone business. this is all about power and influence — and of course — it's political. let's hear from republican jim jordan. i'lljust cut to the chase — bg tech is out to get conservatives. that's not a suspicion, that's not a hunch — that's