Facebook CEO Mark Zuckerberg said his company stands for American values, democracy, competition, inclusion and free speech, which gives people a voice.
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Zuckerberg will appear on Capitol Hill on Wednesday with Apple CEO Tim Cook, Amazon CEO Jeff Bezos and Google Alphabet parent CEO Sundar Pichai.
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“As a platform of ideas, we will always be at the center of important debates on society and technology, which is why I called for new rules for the Internet,” Zuckerberg will tell a subcommittee from the room.
According to the prepared remarks, Zuckerberg will speak about the value of Facebook in giving small businesses and entrepreneurs access to the tools needed to connect with customers.
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He will also speak about the importance of Facebook during the coronavirus pandemic, giving people the ability to stay in touch with friends and family.
When it comes to Facebook’s advertising goals, “Facebook supports its mission of connecting people around the world by selling ads, and we face significant competition,” Zuckerberg said. “We compete with the companies that appear to this audience, as well as many others that sell advertising and connect people.”
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Zuckerberg may be asked about the recent exodus of advertisers from the company due to what these companies call a forum for hate speech.
According to Zuckerberg, companies like Facebook wouldn’t be possible without US laws that encourage competition and innovation. “I believe that a strong and coherent competition policy is vital because it ensures that the playing field is level for everyone. At Facebook, we are in intense competition because we are up against other smart and innovative companies that are determined to win. “
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Some would say that some tech companies have grown too big. Zuckerberg says Facebook started from scratch and made acquisitions that benefit many. “The acquisitions bring together the complementary strengths of different companies,” said the CEO of Facebook.
He will use Instagram and WhatsApp as examples.
The House antitrust hearing will take place at noon eastern time on Wednesday.