Dorsey and Sandberg Head to Hill to Defend Social Platforms
*By Carlo Versano*
Twitter CEO Jack Dorsey and Facebook's operating chief Sheryl Sandberg head to Capitol Hill Wednesday, but the hearing may be more about who's absent rather than who's there.
"There's somebody missing from this conversation, and that would be Google," said Washington Post tech reporter Tony Romm.
Dorsey and Sandberg will answer to members of the Senate Intelligence Committee and address Russian interference before Dorsey goes back-to-back with the House in a hearing probing whether Twitter is actively censoring certain political views (Twitter has [said](https://www.washingtonexaminer.com/news/twitter-ceo-jack-dorsey-denies-company-censors-content-based-on-ideology) the platform has not). This will be the first time on the Hill for both executives.
"It's all happening at a time when lawmakers are increasingly concerned that social media giants haven't done enough to clean up their acts," Romm said Tuesday in an interview on Cheddar.
Google has not offered its CEO Sundar Pichai or Larry Page, the chief of parent company Alphabet. Google instead offered Kent Walker, a lower-rung senior VP of global affairs and chief legal officer, but the Senate committee [demured](https://www.wired.com/story/mark-warner-senate-committee-hearing-google-facebook-twitter/), so it's possible that Wednesday's hearings will produce a striking image of Sandberg and Dorsey sitting next to an empty chair.
Romm said he expects it will be a day of "huge PR hits" for Google.
"From the perspective of the Senate Intelligence Committee, that wasn't enough," said Romm of Google's offering.
Google, for its part, has argued that it's ready and willing to dispatch employees with the most knowledge about a given subject ー and in this case, that may mean Walker. But lawmakers want CEOs and decision-makers.
"That's where the buck stops," Romm said.
For full interview [click here](https://cheddar.com/videos/facebook-twitter-executives-to-face-capitol-hill-grilling).
Retail platform operator and delivery company, Foxtrot,
raised $100 million in a Series C round led by D1 Capital Partners. Foxtrot bills itself as the modern convenience store that combines what it calls in-store curated discovery with 30-minute delivery and 5-minute pickup. Since launching first as a digital-only delivery service, the company has since grown into a popular local retailer, opening 16 brick and mortar locations across Chicago, Dallas, and Washington, DC. Foxtrot co-founder and CEO Michael LaVitola joined Cheddar News' Closing Bell to discuss.
The January 6 committee has subpoenaed four tech giants for more information on what they did and didn't do leading up to last year's deadly Capitol insurrection. Google, Facebook, Twitter, and Reddit were asked to assist the investigation in August, but the committee says their responses have been 'inadequate.' Craig Timberg, a national technology reporter at the Washington Post, joins Cheddar News' Closing Bell for more details about the subpoenas, why this is happening now, and how it might impact social media companies moving forward.
As Meta and Microsoft ramp up their AR and VR tech futures, analysts have been waiting on word from Apple, but the consumer tech giant is reportedly delaying such an announcement. Doug Astrop, a managing partner at Exponential Investment Partners, joined Cheddar to dive into the rumors about the possibilities of a foray into the metaverse by Tim Cook's megacorp sometime in 2022 or 2023. "We can't really predict with a great deal of certainty how it's going to play out, but I'm confident Apple's going to be a big player and do very well in any scenario that unfolds," said Astrop.
Makena Kelly, politics reporter at The Verge, joins Cheddar News to discuss what's next for net neutrality as Biden's other nominee for the FCC, Gigi Sohn, awaits votes from the committee and Senate.
Specializing in AI, robotics, and automation for the global supply chain, Symbotic announced last month it will be tapping the public markets in a SPAC deal with investment giant SoftBank. Symbotic CFO Tom Ernst and Vikas Parekh, a managing partner at SoftBank Investment Advisers spoke with Cheddar about going public and the future of modernizing logistics amid the constrained supply networks. "The supply chain is fundamentally broken," said Ernst. "By employing the best in modern technology for autonomous vehicles and artificial intelligence, we're able to fundamentally rethink the way in which you receive and store and sort goods, making for a dramatically more efficient supply chain."
Michael Hershfield, Founder & CEO of Accrue Savings, joined Wake Up With Cheddar to discuss the company's new round of funding, and its core mission of rewarding consumers for saving rather than taking on more debt with buy now, pay later options.
Markets opened higher on the first trading day of the new year as investors continue to watch inflation and the rapid spread of the omicron variant in the U.S. Frances Newton Stacy, Optimal Capital Dir. of Strategy/Market Analyst joined Cheddar's Opening Bell to discuss.
Markets opened higher as investors react to positive data on the labor front, with weekly jobless claims falling to 198,000 for the week ending December 25. Ross Mayfield, investment strategy analyst at Baird joined Cheddar's Opening Bell to discuss the market open.
