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Facebook bought, copied, threatened competition: 11 key takeaways from Zuckerberg’s deposition before the antitrust subcommittee

In his introductory remarks at the Big Tech CEOs’ hearing before the House subcommittee on antitrust on July 29 (available to watch here), Facebook founder and CEO Mark Zuckerberg conveniently gave a skewed picture of Facebook’s dominant position. “In many areas, we’re behind our competitors. The most popular messaging service in the US is iMessage. The fastest growing app is TikTok. The most popular app for video is YouTube. The fastest growing ads platform is that of Amazon. The largest ads pl...
Tags: Travel, Apple, Google, Amazon, Facebook, Mark Zuckerberg, News, Pinterest, Instagram, US, Snapchat, Whatsapp, Competition, Netflix, House, Antitrust


Secret documents from US antitrust probe reveal big tech’s plot to control or crush the competition

Nearly 500 pages of evidence were made public during the House Judiciary’s marathon hearing this week on potential anti-competitive actions by Amazon, Facebook, Google and Apple . We’ve collected them here with added context and an omnibus, searchable version for anyone who’d rather not juggle four dozen documents. The emails, chat logs and other communications listed here trickled out online as the hearings went on. Many are internal documents that were never meant to be exposed publicl...
Tags: Apple, Google, Amazon, TC, Facebook, Mark Zuckerberg, Instagram, Congress, Youtube, Government, China, US, Tech, Policy, Jeff Bezos, App Store


4 Digital Marketing Hacks to Survive and Thrive During the COVID Era

In the early days of the COVID-19 lockdowns, there seemed to be one question on everyone’s minds: How will we stay productive amid a global pandemic? I’m not talking about making sourdough bread or launching a personal podcast (though these are undoubtedly worthy pursuits if that’s your thing). I’m talking about the employees, entrepreneurs, and small businesses who can admittedly count themselves lucky because they still have a steady stream of work coming in. The drive to stay productive and, ...
Tags: Google, Business, Instagram, Sales & Marketing, Jack, Right Now, Digital Marketing Hacks, Creative Tribes Slack Community, Stephanie Wheeler, Phlywheel


Emails and IMs from the CEOs of Amazon, Facebook and Google show how they think about acquiring companies — and it has little to do with the quality of a startup's product (AMZN, FB, GOOG)

Documents made public Wednesday as part of a Congressional antitrust hearing give insight into the concerns of tech's most powerful CEOs leading up to game-changing acquisitions. Amazon, Facebook and Google all made big purchases of startups whose technology, the documents reveal, their teams found to be lacking. Instead, the deals got done because the companies feared losing market share or wanted a leg up in a new sector.  Visit Business Insider's homepage for more stories. If you're lookin...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Instagram, Microsoft, Yahoo, Youtube, Trends, Cisco, Palo Alto, Tim Cook, Oracle, Sap, Zuckerberg


CEOs from Apple, Amazon, Google, and Facebook had to defend their companies against what lawmakers called 'a pattern of' monopolistic behavior. Here's how each was grilled during Wednesday's landmark hearing. (AMZN, GOOGL, AAPL, FB)

Wednesday's tech antitrust hearing was a grueling six-hour event in which House committee members grilled Jeff Bezos, Tim Cook, Mark Zuckerberg, and Sundar Pichai about their companies' market power.  Cook, Apple's CEO, received what seemed like the fewest questions, but he was asked about the App Store and how Apple treats app developers.  Zuckerberg was probed on Facebook's acquisition strategy and whether it bought companies like Instagram to "neutralize" a competitor.  Pichai, who is CEO o...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Cook, Instagram, Congress, Youtube, China, Trends, Georgia, Pennsylvania, Gop, Hillary Clinton, House


Chairman of House antitrust subcommittee calls for Facebook to be broken up after big tech hearing: 'classic monopoly behavior' (FB)

At Wednesday's big tech antitrust hearing, lawmakers grilled Facebook CEO Mark Zuckerberg about the company's acquisitions of Instagram and WhatsApp as part of an investigation into possible monopolistic practices. Text messages and internal emails unveiled during the hearing showed how Zuckerberg viewed both apps as competitors that could harm Facebook's business, and saw their acquisitions partly as an attempt to "neutralize" them. The hearing, part of the House Judiciary's antitrust subcomm...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Instagram, Congress, US, Trends, House, Kevin Systrom, Zuckerberg, Jim Jordan, Apple Google, Apple Amazon, David Cicilline, Cicilline


Newly surfaced emails show how ruthlessly Facebook, Amazon, Apple, and Google built their businesses and ate up smaller companies

New documents surfaced through a Congressional investigation into Apple, Google, Amazon, and Facebook show how the companies pursued acquisitions and fought off perceived competitors.  The documents provide a rare glimpse into the actions taken by top executives including Mark Zuckerberg and Steve Jobs at crucial moments for their company. Lawmakers said the documents are evidence that companies engaged in anticompetitive behavior, but CEOs defended their companies' actions and said they conti...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Instagram, Congress, Steve Jobs, Youtube, Washington, Trends, Pennsylvania, Jeff Bezos, Kevin Systrom, Sundar Pichai, Alphabet


Top Antitrust Democrat: There's a Case To Break Up Facebook

Rep. David Cicilline (D-R.I.), who ended Wednesday's hearing by saying some Big Tech companies need to be broken up, says that Facebook in particular lacks significant competitors and should not have been allowed to buy Instagram and WhatsApp. From a report: Cicilline chairs the antitrust subcommittee, which has been looking into competition issues in the digital space. "Mr. Zuckerberg acknowledged in this hearing that his acquisition of WhatsApp and Instagram were part of a plan to both buy a c...
Tags: Google, Amazon, Facebook, Instagram, Congress, Tech, Zuckerberg, David Cicilline, Cicilline, Axios Dan Primack, Neguse, Axios Ashley Gold


Now we know what Jeff Bezos' worried face looks like

Amazon CEO Jeff Bezos, Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai, and Apple CEO Tim Cook all testified before Congress about how they use their market power to destroy competitors. Unlike other tech hearings, this one had minimal grandstanding and the politicians came prepared. The tech titans did not seem ready for that at all, and they admitted to doing a lot of offensive things. This is an opinion column. The thoughts expressed are those of the author. Visit Business Insider's...
Tags: Apple, Google, Amazon, Facebook, Florida, Instagram, Congress, Colorado, Washington, China, US, America, Trends, Georgia, United States, Tim Cook


These 3 moments from Big Tech's blockbuster antitrust hearing could come back to haunt the companies, according to Wall Street analysts

The CEOs of Facebook, Amazon, Apple, and Google were grilled during a five-hour congressional hearing on Wednesday. The hearing followed an antitrust investigation into the power and size of the Big Tech companies. Analysts at Wedbush identified the three moments from the hearing most likely to come back and bite the companies. Visit Business Insider's homepage for more stories. Over the course of five hours on Wednesday, the CEOs from the world's four biggest tech companies were grilled by ...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Spotify, Cook, Instagram, Congress, China, Elizabeth Warren, US, Trends, Georgia, Eu, United States


Daily Crunch: Tech CEOs face Congress

U.S. tech giants face antitrust scrutiny, Spotify has a mixed quarter and at-home fitness startup Tempo raises funding. This is your Daily Crunch for July 29, 2020. The big story: Tech CEOs face Congress Amazon’s Jeff Bezos, Apple’s Tim Cook, Facebook’s Mark Zuckerberg and Google’s Sundar Pichai all appeared remotely this afternoon before the House Judiciary Antitrust Subcommittee. Different representatives seemed to focused on very different issues: Republicans repeatedly returned to th...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Spotify, Instagram, Congress, La, Samsung, San Francisco, Tech, Walmart, Policy, Gm, Jeff Bezos


New text messages show Kevin Systrom worried about Mark Zuckerberg going into 'destroy mode' if he didn't sell to Facebook (FB)

Instagram co-founder Kevin Systrom worried that Mark Zuckerberg would go into "destroy mode" if he didn't sell the company to Facebook, according to records of his text messages. Instagram investor Matt Cohler warned that Zuckerberg would "go harder into destroy mode" if Instagram turned down the acquisition offer. The exchange was published by the House Judiciary Committee as part of its historic antitrust hearing Wednesday where Zuckerberg faced questions over Facebook's purchases of competi...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Instagram, US, Trends, Kevin Systrom, Zuckerberg, House Judiciary Committee, Systrom, Matt Cohler, Facebook FB, Cohler, eMarketer Facebook, Cohler Mark


‘This should never have happened’: lawmakers condemn Facebook’s Instagram acquisition – as it happened

Jerry Nadler unimpressed with Mark Zuckerberg’s answer on Instagram deal, while Amazon boss Jeff Bezos accused of hypocrisyBillionaire bosses to feel the heat from CongressUS sees deadliest day of coronavirus summer – live 12.03am BST Antitrust Hearings, a summaryMore than five hours after they commenced, the historic hearings of the biggest tech companies in the world over antitrust concerns have come to an end. Here are some highlights from the long day: 11.44pm BST Whew boy, we are do...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Business, Technology, Media, Instagram, Social Networking, Economics, World news, US news, US politics, Tim Cook, Computing


If you've ever wondered how a startup founder mulls a giant acquisition offer, read all of the texts between Instagram cofounder Kevin Systrom and one of his investors after Mark Zuckerberg first approached them (FB)

The House Judiciary Committee has published documents relating to its tech antitrust investigation, including a copy of a conversation between Instagram cofounder and Benchmark investor Matt Cohler. The conversation — which took place in 2012, prior to Facebook's $1 billion acquisition of Instagram — provides a rare glimpse into the mind of a startup founder when a would-be buyer comes calling. You can read the full conversation below, in which Systrom wonders whether Zuckerberg will "go into ...
Tags: Google, Facebook, Mark Zuckerberg, Instagram, Trends, Judiciary, Kevin Systrom, Zuckerberg, House Committee, House Judiciary Committee, Systrom, Judiciary Committee, Matt Cohler, Amazon Apple Facebook, Cohler


Mark Zuckerberg was grilled over whether Facebook copied and threatened rivals, but the CEO says the social media giant just 'adapted features' (FB)

Facebook CEO Mark Zuckerberg said the company has "adapted features" from competitors during Wednesday's big tech antitrust hearing. Rep. Pramila Jayapal, Democrat of Washington, asked Zuckerberg whether Facebook had copied features from rivals as part of its competitive strategy. Jayapal pressed Zuckerberg on conversations that occurred during Facebook's acquisition of Instagram, asking whether the company threatened to copy Instagram's features while it attempted to buy it. The exchange was ...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, New York, Instagram, Congress, Washington, Trends, Snapchat, Evan Spiegel, Kevin Systrom, Zuckerberg, Systrom, Facebook CEO, Facebook Google Apple


Mark Zuckerberg told Congress that Facebook is not a monopoly. But in 2012, it boasted that it held '95% of all social media in the US.' (FB)

In 2012, Facebook boasted that it makes up "95% of all social media in the US." The claim came in a marketing presentation it prepared to give to Vodafone's board of directors at the time. Facebook now faces intense antitrust scrutiny, and has changed its rhetoric — claiming it faces plenty of competition from many corners. On Wednesday, CEO Mark Zuckerberg argued that it's still competing with everyone from Apple to TikTok and the broader advertising industry. Visit Business Insider's homepag...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Instagram, Congress, US, Trends, United States, Vodafone, Signal, Committee, Zuckerberg, House Committee, Rob Price


‘This should never have happened’: lawmakers condemn Facebook’s Instagram acquisition – live

Jerry Nadler unimpressed with Mark Zuckerberg’s answer on Instagram deal, while Amazon boss Jeff Bezos accused of hypocrisyBillionaire bosses to feel the heat from CongressUS sees deadliest day of coronavirus summer – live 9.22pm BST Representative Jerry Nadler addresses the issues Facebook and Google have caused in the media industry. “Facebook and Google have greatly threatened journalism in the United States. Reporters have been fired, local newspapers have been shut down,” he said. “This...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Business, Technology, Media, Instagram, Maryland, Social Networking, Economics, World news, US news, United States, US politics


'Too much power': Congress grills top tech CEOs in combative antitrust hearing

Facebook, Amazon, Apple and Google executives face criticism over online dominanceLawmakers condemn Facebook’s Instagram merger – liveThe US’s top tech bosses were told they have “too much power”, are censoring political speech, spreading fake news and “killing” the engines of the American economy, at a combative congressional hearing on Wednesday.The historic hearing in Washington saw Jeff Bezos of Amazon, Tim Cook of Apple, Mark Zuckerberg of Facebook and Sundar Pichai of Google’s parent Alpha...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Technology, Instagram, Congress, Washington, US, US news, US politics, House, Tim Cook, US Congress, Jeff Bezos


Mark Zuckerberg kicked off his testimony during the big tech antitrust hearing by suggesting Apple, Amazon, Google, and TikTok may be bigger threats than Facebook (FB)

Facebook CEO Mark Zuckerberg pointed to the success of rivals like Apple, Google, and TikTok as evidence that there's plenty of competition in the tech industry. Zuckerberg referenced Apple's iMessage, Google's YouTube, and the popular video app TikTok in his opening remarks, pointing to their size and dominance in various industries. During the hearing, lawmakers grilled Zuckerberg about Facebook's acquisition of Instagram. While Zuckerberg framed big tech companies as its main competition, q...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, New York, Instagram, Congress, US, Trends, Tim Cook, Jeff Bezos, Sundar Pichai, Zuckerberg, Pew Research, Apple Google


‘This should never have happened’: lawmakers condemn Facebook’s Instagram merger – live

Jerry Nadler unimpressed with Mark Zuckerberg’s answer on Instagram acquisition, while Amazon boss Jeff Bezos accused of hypocrisyBillionaire bosses to feel the heat from CongressUS sees deadliest day of coronavirus summer – live 8.29pm BST In a strange exchange, yet another congress member has targeted the tech executives over supposed anti-conservative bias. Representative Greg Steube asked Sundar Pichai why his campaign emails are being sorted into the Spam inbox on his parents’ Gmail acc...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Business, Technology, Media, Instagram, Social Networking, Economics, World news, US news, US politics, Tim Cook, Computing


Facebook, Google, and the US government all have their own reasons to make you believe that TikTok is unsafe and scary — and they're all self-serving

President Trump and the US government have been considering a ban on TikTok over long-held concerns regarding its ties to China, and its access to user data and influence over content moderation. The threat of a TikTok ban would mean that the app's massive US userbase, estimated to be near 80 million, is up for grabs, and US tech companies are already capitalizing with new apps and formats borrowing from TikTok's viral short-form video format. Concerns over national and data security are level...
Tags: Google, Facebook, Mark Zuckerberg, Instagram, Congress, China, US, America, Trends, Linkedin, Silicon Valley, Fox News, Donald Trump, Zuckerberg, Trump, State


'We are not the enemy': TikTok CEO slams Facebook for attacking the Chinese company and launching 'copycat' product

In remarks planned during Wednesday's congressional hearing on tech companies' potential antitrust violations, Facebook CEO Mark Zuckerberg framed Facebook as a story of homegrown American success whose future is threatened by China. In response, the CEO of TikTok — whose parent company, ByteDance, is based in China — slammed Facebook for deeming its success "patriotic" and painting the viral app as the "enemy." CEO Kevin Mayer, in the blog post shared Wednesday morning, also called out Facebo...
Tags: Google, Facebook, Mark Zuckerberg, Instagram, Congress, China, Disney, US, America, Trends, Silicon Valley, Zuckerberg, Mayer, Apple Amazon Facebook, Kevin Mayer, Bytedance


The CEOs of Apple, Google, Facebook, and Amazon are about to testify before Congress in a historic antitrust hearing. Here's what's at stake for each company. (GOOG, APPL, AMZN, FB)

The tech CEOs of Apple, Google, Amazon, and Facebook will appear before Congress in a first-of-its-kind hearing on Wednesday. They'll be testifying as part of an antitrust investigation into the dominance of digital platforms that has been running since last June. The CEOs, who will likely appear remotely over video, will have to defend the growing power of their tech companies to skeptical lawmakers. In prepared remarks published ahead of the testimony, all four CEOs argued that their compani...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Spotify, John Lewis, Cook, Instagram, Congress, California, Washington Post, Youtube, China, US, Trends


‘Company size doesn’t prevent competition’, Zuckerberg to argue at antitrust hearing

“Facebook is a successful company now, but we got there the American way: we started with nothing and provided better products that people find valuable. As I understand our laws, companies aren’t bad just because they are big. Many large companies that fail to compete cease to exist,” Facebook CEO Mark Zuckerberg plans to tell lawmakers at an antitrust hearing on Wednesday, according to prepared remarks released to the public. “We know that our future success is not guaranteed, especially in a ...
Tags: Travel, Apple, Google, Amazon, Facebook, Mark Zuckerberg, News, Instagram, Congress, China, US, America, Competition, Tim Cook, Antitrust, Jeff Bezos


Read how Apple, Amazon, Facebook and Google plan to defend themselves to Congress

With their big day before lawmakers just around the corner, previews of Google (well, Alphabet), Facebook, Amazon and Apple’s opening statements are now available on the House Judiciary Committee’s site. On Wednesday, the CEOs of each company will appear in an unusually executive-packed Congressional hearing focused on antitrust concerns over the business practices. While the opening statements are just a glimpse of the hearing’s potential topics, they do provide a useful outline for the strateg...
Tags: Apple, Google, Amazon, TC, Facebook, Mark Zuckerberg, Cook, Instagram, Congress, China, Google Search, Tech, Walmart, Policy, Tim Cook, App Store


Sundar Pichai will tell Congress that Google's search and advertising business faces plenty of competition, and that its free products benefit the 'average American.' Read his prepared remarks in full (GOOG, GOOGL)

On Wednesday, Google CEO Sundar Pichai will testify before Congress alongside the CEOs of Apple, Amazon, and Facebook in a grilling on antitrust. In his opening remarks, Pichai will argue that Google operates in a "highly competitive market" and make the point that users have access to search tools outside of Google's own. He'll also argue that competition in ads from the likes of Twitter has driven down costs that benefit consumers. He'll also say that free Google services like Search, Gmail,...
Tags: Google, Facebook, Texas, Instagram, Congress, Youtube, India, New York City, America, Trends, Google Analytics, Austin, Silicon Valley, Sundar Pichai, Committee, Alexa


The CEOs of Apple, Google, Facebook, and Amazon are set to testify before Congress in a historic antitrust hearing. Here's what's at stake for each company. (GOOG, APPL, AMZN, FB)

The tech CEOs of Apple, Google, Amazon, and Facebook will appear before Congress in a first-of-its-kind hearing on Wednesday. They'll be testifying as part of an antitrust investigation into the dominance of digital platforms that has been running since last June. The CEOs, who will likely appear remotely over video, will have to defend the growing power of their tech companies to skeptical lawmakers. Here's why each CEO has been asked to appear, the types of questions they will likely be aske...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Spotify, John Lewis, Instagram, Congress, California, Washington Post, Youtube, China, Trends, Bloomberg, Jeff Bezos


Anti-vaxx groups spend nearly $1 billion on social media

The Center for Countering Digital Hate found that anti-vaxx groups reach 58 million users on social media, earning the platforms roughly $1B in revenue. The Center's founder, Imran Ahmed, says giving anti-vaxxers attention feeds the algorithms, further perpetuating the noise.In this interview with Big Think, Ahmed says the best thing we can do is offer credible information to change the algorithms. Disinformation is rampant. On Monday, a group named "America's Frontline Doctors" held a press c...
Tags: Google, Facebook, UK, Instagram, America, Social Media, Innovation, Houston, Vaccines, Ahmed, Technology Companies, Derek, Misinformation, U S Supreme Court, Bakersfield, Burbank


Mark Zuckerberg is about to testify before Congress about Facebook and antitrust. Read his full prepared remarks here. (FB)

Facebook CEO Mark Zuckerberg is testifying before Congress about antitrust on Wednesday. Facebook has released the full text of Zuckerberg's planned prepared remarks, and you can read it below. Facing scrutiny over his company's power and dominance, the technology exec will argue that heavy-handed regulation will only benefit China. Zuckerberg is to argue that Facebook still faces considerable competition. The CEOs of Apple, Amazon, and Google will also testify at the unprecedented hearing. F...
Tags: Google, Facebook, Mark Zuckerberg, Instagram, Congress, Cdc, China, US, America, Trends, United States, Italy, Vr, Ar, Ai, Carnegie Mellon University


Mark Zuckerberg will tell Congress that Facebook's acquisitions are good for competition, according to a copy of his prepared remarks (FB)

Mark Zuckerberg will argue before Congress that Facebook's acquisitions of companies like Instagram and WhatsApp are good for competition, according to a copy of his prepared remarks obtained by Business Insider. Zuckerberg is set to testify on Wednesday before the House Antitrust Subcommittee, which is investigating whether the company engaged in anticompetitive behavior. The CEOs of Amazon, Apple, and Google's parent company Alphabet will also face questions from members of Congress at the h...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Instagram, Congress, China, US, America, Trends, Tim Cook, Jeff Bezos, Sundar Pichai, Giphy, Alphabet



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