Usa, Antitrust: big tech too much power and control

2020-07-29T18:49:31.488Z

Big Tech has too much power and control: "Before the pandemic these companies were already titans in the economy. Now they will probably emerge stronger and more powerful than ever from the pandemic." Democratic deputy David Cicilline, chairman of the antitrust commission of the House, said this, opening the hearing of the CEOs of Apple, Amazon, Google and Facebook. "The emperors of the online economy". So David Cicilline defined the large high tech companies, Amazon, Apple, Google and Facebook, whose CEOs are now called to testify in Congress. "When Americans compared monopolists in the past, whether they were in the railways, oil or AT&T and Microsoft, we acted to ensure that no private corporation controlled our economy and democracy," he added. The Democrat, who heads the commission that conducted a Big Tech investigation for a year, said again that while these "dominant companies can still produce innovative products, their dominance is killing small businesses, manufacturing capacity and dynamism. which are the engines of the American economy. " Cook: Apple non-dominant "We do not have a dominant position in any market or product category with which we do business." This was said by Tim Cook, Apple's CEO, at the beginning of his testimony before the House of Representatives antitrust commission.