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Zuckerberg to Tell Congress Facebook’s Success Is Patriotic

  • CEO likely to use testimony to set up comparison with China
  • Zuckerberg sees weakening of American tech as helping China
Mark Zuckerberg
Mark ZuckerbergPhotographer: Andrew Harrer/Bloomberg
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Facebook Inc. Chief Executive Officer Mark Zuckerberg is prepared with what he sees as a compelling argument for lawmakers ready to grill him on antitrust issues: hindering American technological innovation only helps China.

Zuckerberg plans to portray his company as an American success story in a competitive and unpredictable market, now threatened by the rise of Chinese social media apps around the world -- and increasingly, at home, with the popularity of TikTok, according to people familiar with the matter, who asked not to be identified because the CEO’s remarks aren’t yet public.

The Facebook CEO is scheduled to testify at a hearing of the House antitrust subcommittee with CEOs from Amazon.com Inc., Alphabet Inc.’s Google and Apple Inc. The hearing, postponed from Monday, has been rescheduled for July 29 at noon Washington time. Facebook’s second-quarter earnings, which were scheduled for that day, have been pushed to Thursday, July 30.