Amazon (AMZN) CEO Jeff Bezos, >Apple (AAPL) CEO Tim Cook, Facebook (FB) CEO Mark Zuckerberg, and Google-parent Alphabet (GOOG, GOOGL) CEO Sundar Pichai will be met with a barrage of questions from the 13 members of the Subcommittee on Antitrust, Commercial and Administrative Law ranging from their market power to the lengths they go to hold on to that power.
Apple and Google together control the entire smart phone OS market, and act in rent seeking ways to strangle innovation. We need to whack them both with a big antitrust stick.
Since Yahoo has shut down the commenting feature on its news, I am avoiding yahoo. I enjoyed reading reader comments more than the lead story.
@manch consumers are free to use dumb phones
Apple (AAPL) CEO Tim Cook faced pointed questions from the House Judiciary Committee’s Subcommittee on Antitrust, Commercial, and Administrative Law on Wednesday, with members pointing to the cut Apple takes from app developers in its App Store.
Overall, Apple emerged from the hearing relatively unscathed compared to his peers.
To be fair to Apple. They do not violate anti-trust principle and engage in market distorting practices as much as Google, Facebook, Amazon etc do.