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Antitrust & Trade Reg.

Jul. 30, 2020

Congress questions if tech giants are anticompetitive

The chief executives of Amazon and Facebook were unable to guarantee to lawmakers they did not engage in practices that might lead to further investigations over their alleged monopolies in the online commerce and communications markets.

Congress questions if tech giants are anticompetitive
Facebook CEO Mark Zuckerberg testifies via videoconference before a hearing of the House Judiciary Subcommittee on Antitrust in Washington, D.C. Wednesday. (New York Times News Service)

In a sweeping antitrust hearing gathering the heads of the technology industry's most powerful players, the chief executives of Amazon and Facebook were unable to guarantee to lawmakers Wednesday they did not engage in anticompetitive practices that might lead to further investigations over their alleged monopolies in the online commerce and communications markets.

Amazon's Jeff Bezos could not promise that employees do not access sa...

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