The subcommittee will come to order. The chair is authorized to declare recesses at any time. This one on the role of data and privacy in competition. I recognize myself for an opening statement. I should state the obvious, im not the chairman of the subcommittee. The chairman of the subcommittee will be here in a few minutes. Digital technologies have provided americans are a remarkable array of services. It has never been easier to share news and information, to publish content and communicate with loved ones. As with technological revolutions of the past this has up ended the balance of power across our country. Its important to understand how these imbalances are affecting americans. The committees ongoing oversight of competition in Digital Markets is a key part of this process. Todays hearing will examine the role that data plays in creating rolls of power and how this affects competition. As previous hearings have shown, its controlled by a small number of companies. They are pe