What the tech antitrust hearing did and did not prove

What the Tech Antitrust Hearing Did and Did Not Prove | Tech In :60 | GZERO Media
Nicholas Thompson, editor-in-chief of WIRED, discusses technology industry news today:


What happened at the antitrust hearings this week?

Well, CEOs of Apple, Amazon, Google, Facebook testified in front of the Subcommittee in Antitrust of the House Judiciary Committee for five hours. There's a fair amount of nonsense and conspiracy talk, but mostly it was a pretty good hearing where the House members dug into questions about whether four companies abused their market positions to their advantage? Whether they used predatory pricing to drive competitors out of the market? Whether they used inside information from their services to identify and then copy and kill competitors? And the evidence that was presented, if I were to sum it up quickly, is, yes, they did do that. They did abuse their market power. But what wasn't presented was clear evidence of consumer harm. We know they acted in ways that distorted capitalism, but were people really hurt? That's a big question. I look forward to their report.

Puppet Regime

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

GZERO World with Ian Bremmer: watch now

What we learned from COVID

GZERO World Clips
Puppet Regime

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

Global Stage: Patching the System, a podcast about cybersecurity | Listen