And trust legislation. Welcome to todays hearing of the subcommittee on antitrust policy and consumer rights, the title we chosen for today is stacking the tech as google form competition in advertising, i want to think drinking member and her staff for working closely with me and my office, we prepared for today. I also want to think the chairman of the judiciary lscommittee, senator graham for his support of this hearing. This hearing. After i and then senator klobuchar giving our opening remarks, well hear from two panels of witnesses with questions from members of the subcommittee. We have Something Interesting to deal with in the senate and every time they call votes, when they call votes during a subcommittee hearing, were at their mercy. Senator klobuchar and i have both cast our votes on the first of a series of three or four. At some point, were going to have to pause or tag team as we allow other members to hearing is googles Online Advertising business. A novelist andha whet
I want to thank Ranking Member klobuchar and her staff for working closely with me and my office as we prepared for today and i also want to thank our chairman, the chairman of the full Senate Judiciary committee, senator graham, for his support of this hearing. After i and then senator klobuchar giving our opening remarks, well hear from two panels of witnesses with questions from members of the subcommittee. We have Something Interesting to deal with in the senate and every time they call votes, when they call votes during a subcommittee hearing, were at their mercy. Senator klobuchar and i have both cast our votes on the first of a series of three or four. At some point, were going to have to pause or tag team as we allow other members to sit in for us, just dont be eisenhower sitting on a stone block in the direction of the greatest accomplishments the president of the United States and Supreme Commander of the forces him. Greg on welcome to todays hearing with the policy and Consu
Grand prize of 5,000. The deadline to submit videos is january 20th, 2021. For competition rules, tips, and more information on how to get started, go to our website, studentcam. Org. Now, a Senate Judiciary subcommittee hearing examining googles Online Advertising and its potential impact on Market Competition. Lawmakers heard first from a google representative, then a panel of technology and trade association officials. There was also a focus on googles Online Search engine, data privacy issues, and antitrust legislation. Welcome to todays hearing of the subcommittee on antitrust competition policy and consumer rights. The title we have chosen for today is stacking the tech, hasi googleke harmed competition in Online Advertising . I want to thank Ranking Member klobuchar and her staff for working closely with me and my o office as we prepared for today. And also want to thank our chairman, the chairman of the full Senate Judiciary committee, senator graham, for his support of this he
Our chairman, the chairman of the full Senate Judiciary committee, senator graham, for his support of this hearing. After i and then senator klobuchar giving our opening remarks, well hear from two panels of witnesses with questions from members of the subcommittee. We have Something Interesting to deal with in the senate and every time they call votes, when they call votes during a subcommittee hearing, were at their mercy. Senator klobuchar and i have both cast our votes on the first of a series of three or four. At some point, were going to have to pause or tag team as we allow other members to sit in for us, just dont be alarmed if that happens. The focus of todays hearing is googles Online Advertising business. Whether its a monopolyist and whether it might have engaged in any conduct that harms competition and harms consumers. But before we go into that, i want to say just a few things about antitrust policy more broadly. Ive been a member of the subcommittee ever since 2011 when
As they demurred to the awesome power of the u. S. Congress. They were dismissive of any notion, they of all people would stifle competition or could in any way strangle free speech and crush conservative voices and votes. They claim to be the fartherrest thing from monopolists or oligarchs. They compete not only against one another and viciously but against others. Googles ceo, sundar pichai, claims his Company Faces intense competition, yet somehow, some way, google manages to dominate search traffic, accounting for, are you ready, almost 92 of all searches done online, 92 . That is very close to monopolistic, dont you think . And google also remains the largest digital ad platform by market share. Last year nearly 32 of all Digital Advertising dollars were spent, on google. The company paying a 1. 7 billion fine in march to the European Union where they stood accused of abusing the giant Advertising Market dominance, well, that denial was found to be absurd. All four companies today