Big Tech executives faced an onslaught of criticism from US lawmakers at the high-stakes antitrust hearing which could lay the groundwork for tougher regulation of the major internet platforms.
Facebook CEO Mark Zuckerberg stumbled at a congressional hearing on alleged abuse of market power, as lawmakers confronted the social media titan with damaging internal emails about the company's acquisitions.
Chief executives of four Big Tech firms — including Facebook’s Mark Zuckerberg, Amazon's Jeff Bezos, Google’s Sundar Pichai and Apple's Tim Cook — gave virtual testimony before the US House Judiciary Committee's antitrust panel. Online viewers took to social media to ridicule several moments from the inquiry.
As Apple and Amazon worked toward a high-profile distribution deal at least a couple of years ago, one proposal on the table was for Apple to have "competing ads removed from search" results on Amazon, according to documents released from a US House of Representatives investigation.
A highly anticipated antitrust hearing including top executives of four Big Tech firms, originally set for Monday, has been postponed.