At Wednesday’s big tech antitrust hearing, lawmakers grilled Facebook CEO Mark Zuckerberg about the company’s acquisitions of Instagram and WhatsApp as part of an investigation into possible monopolistic practices.
Text messages and internal emails unveiled during the hearing showed how Zuckerberg viewed both apps as competitors that could harm Facebook’s business, and saw their acquisitions partly as an attempt to “neutralize” them.
The hearing, part of the House Judiciary’s antitrust subcommittee’s inquiry into big tech, saw the CEOs of Apple, Amazon, and Google testifying alongside Zuckerberg.
After the event, David Cicilline, the chair of the antitrust subcommittee, told Axios’ “Re:Cap” podcast that he thought Facebook’s testimony exhibited signs of “classic monopoly behavior” and that the company should be broken up.
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The US congressman who chaired Wednesday’s big tech antitrust hearing said Mark Zuckerberg’s testimony proves Facebook displayed “classic monopoly behavior” and should be broken up.
Rep. David Cicilline was interviewed Wednesday night after the House hearing on Axios “Re:Cap” podcast, where he said Facebook showed the clearest form of anticompetitive behavior. Cicilline told Axios that Zuckerberg’s acquisitions of Instagram and WhatsApp were done as a way …read more
Source:: Businessinsider – Politics