Congress grilled the heads of Amazon, Apple, Facebook and Google in an antitrust hearing Wednesday, pressing for answers to allegations of anti-competitive behavior. Here's what you may have missed.
Each company faced withering criticism that it, in one way or another, abused its market position to snuff out or purchase competitors, stifling innovation and ultimately harming consumers. Despite their market dominance, the CEOs disagreed that they behave monopolistically, saying other options are only a click away.Rep. Hank Johnson, D-Ga.
, took Apple CEO Tim Cook to task over the Apple store, saying that it unfairly advantages the company's apps over those of third-party developers and that the 30 percent commission it charges is too high. Cook — as did a recent study the company commissioned ahead of the hearing — said the fees are similar to those of its digital competitors.Rep. Greg Steube, R-Fla., asked Google CEO Sundar Pichai why his political campaign emails are ending up in his dad's spam folder.
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