The Rising with Krystal Ball and Saagar Enjeti
The four-hour hearing on Capitol Hill offered a stunning illustration of the extent of misdeeds by Big Tech
Our founders would not bow before a king, we should not bow before the emperors of the online economy.” That’s how Congressman David Cicilline started the remarkable hearing on Wednesday in the Antitrust Subcommittee, where four tech CEOs – Tim Cook of Apple, Mark Zuckerberg of Facebook, Sundar Pichai of Google, and Jeff Bezos of Amazon – finally had to answer questions about how their businesses operated. And the answers they gave weren’t pretty. The word both Republicans and Democrats used to describe their corporations was dominance, and as members unspooled the evidence they had collected in an investigation over the past year, it’s easy to see why.Continue reading
We’re ‘seeing a restoration of pre-1978 ways of thinking’ about protecting small business: author
We used to believe that monopolies harm the economy and democracy. They still do.
Wednesday, four big tech CEOs — Apple’s Tim Cook, Amazon’s Jeff Bezos, Google’s Sundar Pichai and Facebook’s Mark Zuckerberg — will come face to face with Congress, in a hearing held by Antitrust Subcommittee Chair David Cicilline. The hearing is one result of a yearlong investigation by Cicilline’s subcommittee into whether these four companies regulate more of the U.S. economy than our public officials do.Continue reading