Special Report

    Breaking down the Big Tech CEOs’ testimony at the antitrust hearings

    Facebook CEO Mark Zuckerberg speaks via video conference during the House Judiciary antitrust subcommittee hearing in Washington, D.C. in July 2020. Getty Images/Graeme Jennings-Pool

    The CEOs of Facebook, Google, Amazon and Apple defended the size and power of their companies in front of a U.S. congressional subcommittee on Thursday. 

    Their unprecedented testimony—which marked their first-ever joint appearance before Congress, and the first such appearance for Amazon CEO Jeff Bezos—comes more than a year into the U.S. House Judiciary Committee’s antitrust subcommittee’s investigation into Google and Facebook’s ad-market dominance, Amazon’s share of e-commerce and Apple’s alleged abuse of its App Store to hurt rivals. All four firms have seen their market capitalizations soar during the pandemic. They’re also facing numerous antitrust investigations around the world.

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