US Lawmakers Pummel Big Tech CEOs At Antitrust Hearing
A photo combination of top tech CEOs who appeared before the US Congress on July 29, 2020.Big Tech executives faced an onslaught of criticism from US lawmakers Wednesday at a high-stakes antitrust hearing which could lay the groundwork for tougher regulation of the major internet platforms.
Cicilline said the hearing made clear that the firms “have monopoly power — some need to be broken up, all need to be properly regulated and held accountable.” Some lawmakers sought to play down the competitive danger of the companies, which have won praise for innovating and introducing new technologies and offering lifelines during virus lockdowns.
Amazon CEO Jeff Bezos testifies via video conference during the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on Online Platforms and Market Power in the Rayburn House office Building, July 29, 2020 on Capitol Hill in Washington, DC. Graeme Jennings-Pool/Getty Images/AFP“We’ve heard from third party sellers again and again during the course of our investigation that Amazon is the only game in town,” the committee chair said to the company founder.
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