Amazon, Apple, Facebook and Google CEOs get grilled by House members in historic antitrust hearing
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After three hours of questions, expert calls hearing ‘a mix of antitrust ambush and political grandstanding’
It has been a bruising day for tech’s biggest names on Capitol Hill, but they didn’t break.
The CEOs of Google parent Alphabet Inc. GOOGL, +1.32% , GOOG, +1.44% , Amazon.com Inc. AMZN, +1.10% , Apple Inc. AAPL, +1.91% , and Facebook Inc. FB, +1.37% endured more than five hours of grueling questions about competition Wednesday from House Judiciary Antitrust Subcommittee members in a series of sharp exchanges.
“Our documents from Facebook show it considered Instagram a ‘competitive threat’ that could meaningfully hurt Facebook, so Facebook bought it,” Rep. Jerrold Nadler, D-N.Y., chairman of the House Judiciary Committee, said in a particularly contentious exchange with Facebook CEO Mark Zuckerberg. “This should not have been allowed to happen.” […]