New documents surfaced through a Congressional investigation into Apple, Google, Amazon, and Facebook show how the companies pursued acquisitions and fought off perceived competitors.
The documents provide a rare glimpse into the actions taken by top executives including Mark Zuckerberg and Steve Jobs at crucial moments for their company.
Lawmakers said the documents are evidence that companies engaged in anticompetitive behavior, but CEOs defended their companies’ actions and said they continue to face stiff competition.
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Facebook, Amazon, Google, and Apple didn’t become four of the biggest tech companies in the world overnight — and newly surfaced documents show the tough, often-cutthroat decisions made by top executives at the company at pivotal moments in their growth.
Members of Congress obtained emails, memos, and internal studies from the four companies as part of an ongoing antitrust investigation. They were published Wednesday when the CEOs of the four companies testified in an unprecedented Congressional hearing.
The documents reveal how top executives at the tech giants including Facebook CEO Mark Zuckerberg and former Apple CEO Steve Jobs guided their companies’ growth and jousted with perceived threats. They also paint a picture of four tech companies aggressively pursuing growth at all …read more
Source:: Businessinsider – Tech