<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/"
     xmlns:dc="http://purl.org/dc/elements/1.1/"
     xmlns:atom="http://www.w3.org/2005/Atom"
     xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
     xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
     xmlns:georss="http://www.georss.org/georss"
     xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#"
     xmlns:media="http://search.yahoo.com/mrss/">
    <channel>
        <title><![CDATA[Zuckerberg To Testify that Anti-Trust Legislation against Facebook Will Only Aid China]]></title>
        <atom:link href="https://usagag.com/2020/07/28/zuckerberg-to-testify-that-anti-trust-legislation-against-facebook-will-only-aid-china/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/07/28/zuckerberg-to-testify-that-anti-trust-legislation-against-facebook-will-only-aid-china/</link>
        <lastBuildDate>Tue, 28 Jul 2020 17:41:34 +0000</lastBuildDate>
        <sy:updatePeriod>hourly</sy:updatePeriod>
        <sy:updateFrequency>1</sy:updateFrequency>
        <generator>https://usagag.com</generator>
        <media:content url="/uploads/2020/07/zuckerberg-to-testify-that-anti-trust-legislation-against-facebook-will-only-aid-china-national-review.jpg" medium="image">
            <media:title type="html">Zuckerberg To Testify that Anti-Trust Legislation against Facebook Will Only Aid China</media:title>
        </media:content>
        <content:encoded><![CDATA[<p>Facebook chief executive officer Mark Zuckerberg plans to defend the company in a hearing before the House antitrust subcommittee by arguing that hampering American technological innovation only aids China, a new report says.</p><p>Congressional investigators have reviewed thousands of internal Facebook documents to piece together the company’s motivation for acquiring Instagram and WhatsApp and to understand Zuckerberg’ thinking about competitors, <strong><i>Bloomberg</i></strong> reported.</p><p>Zuckerberg plans to defend the company’s decisions when he testifies before the House on July 29, saying Instagram and WhatsApp’s success under Facebook wasn’t inevitable — particularly Instagram which had only 13 employees and no revenue when it joined Facebook’s portfolio in 2012, according to <i>Bloomberg.</i></p><p>Zuckerberg, who will testify in the hearing along with CEOs from Amazon, Google and Apple, will paint Facebook as an American success story in a competitive and unpredictable market, now threatened by the rise of Chinese social media apps.</p><form class="form-newsletter" data-component="newsletter" data-success="Thank you for subscribing!" data-error="There was a problem signing you up, please try again."> <input name="latest_sub" type="hidden" value="1" /></p><p><label for="nloptin-5f2021f67eaec">GET THE CAPITAL LETTER</label></p><p>A weekly digest on business and economics from an NR sensibility.</p><fieldset class="inline-newsletter-subscribe__group"><input id="nloptin-5f2021f67eaec" class="inline-newsletter-subscribe__email-input" name="email" type="email" placeholder="Email Address" /><br /> <input name="source" type="hidden" value="WEB" /><br /> <input name="newsletter_override" type="hidden" value="cap_sub, cap_inarticle, article_inarticle_cap_green_072720" /><br /> <input name="location" type="hidden" value="widget" /><br /> <input id="_wpnonce" name="_wpnonce" type="hidden" value="776379ab21" /><input name="_wp_http_referer" type="hidden" value="/news/zuckerberg-to-testify-that-anti-trust-legislation-against-facebook-will-only-aid-china/" /> <input class="inline-newsletter-subscribe__email-submit" type="submit" value="Go" /></fieldset></form><p>He will argue that any weakening of U.S. companies will cede territory to Chinese companies, especially in high-growth markets like India, an argument he made in a 2019 hearing about the now-renamed cryptocurrency Libra.</p><p>“China is moving quickly to launch a similar idea in the coming months,” he said then. “If America doesn’t innovate, our financial leadership is not guaranteed.”</p><p>He also warned that China, as a country without democratic values, shouldn’t set the rules for the internet for the rest of the world.</p><p>His warnings on China come after years of failed attempts to woo China’s leaders so he could launch Facebook services in the country.</p><p>Tensions have escalated between China and the U.S. recently over a host of issues, including trade, Hong Kong’s autonomy and tech. Recently the Trump administration has said it is considering banning TikTok, a short-form video app owned by China-based ByteDance Ltd.</p>]]></content:encoded>
                <dc:creator><![CDATA[USAGAG]]></dc:creator>
            </channel>
</rss><!--Time: 0.068212985992432-->