Categories Tech antitrust hearing

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In antitrust hearing, Zuckerberg admits Facebook has copied its competition

At the House Antitrust Subcommittee hearings this afternoon, Facebook CEO Mark Zuckerberg was directly questioned about his company’s strategy of copying competitors’ app and features, and even threatening to do so as a negotiation tactic amid M&A discussions. In his response, Zuckerberg was forced to admit the obvious: that Facebook, […]

Bezos ‘can’t guarantee’ no anti-competitive activity as Congress catches him flat-footed

At today’s House Judiciary Committee hearing, Amazon CEO Jeff Bezos bungled attempts to assuage concerns that the company poaches ideas from its competitors, taking sustained fire from Rep. Pramila Jayapal (D-WA) and others. Faced with testimony from employees that there is “nobody enforcing” policies, resulting in “a candy shop” of […]