“It is a very harmful scenario”: Massive Tech’s day on the Hill

Amazon CEO Jeff Bezos testifies (remotely) before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on "Online Platforms and Market Power" in the Rayburn House Office Building on Capitol Hill in Washington, DC on July 29, 2020.

Enlarge / Amazon CEO Jeff Bezos testifies (remotely) earlier than the Home Judiciary Subcommittee on Antitrust, Industrial and Administrative Regulation listening to on “On-line Platforms and Market Energy” within the Rayburn Home Workplace Constructing on Capitol Hill in Washington, DC on July 29, 2020. (credit score: Graeme Jennings – Pool | AFP | Getty Pictures)

A bevy of tech’s largest titans—Alphabet CEO Sundar Pichai, Amazon CEO Jeff Bezos, Apple CEO Tim Cook dinner, and Fb CEO Mark Zuckerberg—all took to their distant workplaces Wednesday to dial right into a hotly anticipated Congressional listening to, the most recent a part of an in-depth investigation into their companies’ habits that started greater than a 12 months in the past.

The virtually six-hour listening to was nominally convened to speak about antitrust enforcement, and it had two core questions at its coronary heart. First: do the largest, globe-spanning US tech firms have an excessive amount of energy out there? And second: did they arrive by the facility they do have actually, or did they someway cheat to get it?

Home Antitrust Subcommittee Chairman Rep. David Cicilline (D-R.I.) targeted his opening remarks on how bipartisan the investigation course of has been to this point earlier than sketching out his perception that every one 4 firms current have behaved anticompetitively, turn out to be monopolies, and prompted hurt each to shoppers and the complete democratic undertaking writ massive.

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