As Google, Facebook, Amazon & Apple Testify Today, This Is What Happened At The Last Antitrust Hearing
4 years, 8 months ago

As Google, Facebook, Amazon & Apple Testify Today, This Is What Happened At The Last Antitrust Hearing

News 18  

As we head to another congressional hearing on antitrust later today, it is expected that representatives from four of the world’s largest tech companies will have some defending to do. Representating the companies were Amazon's associate general counsel Nate Sutton, Apple's vice president of corporate law and chief compliance officer Kyle Andeer, Facebook's head of global policy development Matt Perault, and Google's economic policy director Adam Cohen. One of the key points here came up when Representative Joe Neguse told Facebook's Perault, "You can understand the skepticism, because when a company owns four of the six largest entities measured by active users in the world in that industry, it works as a monopoly, or at least as monopoly power." However, in related questions through the hearing, when asked if he could produce a list of companies that Facebook considers is big enough to be counted as "competition", there was no conclusive answer drawn, much like how the affairs went down at Zuckerberg's hearing. Cohen also defended Google's monopolistic position in the search engine industry as "incorrect", stating that a lot of people use in-website search tools, thereby counting as competition to Google.

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