“Companies aren’t bad just because they are big,” Facebook executive Mark Zuckerberg is set to tell Congress on Wednesday, as the world’s most powerful technology companies face a historic investigation into their size and power.
Zuckerberg plans to argue to Congress that Facebook became successful “the American way, by starting out with nothing and providing products that people find valuable”, according to a written testimony that was made public on Tuesday.
“We compete against the companies appearing at this hearing, plus many others that sell advertising and connect people,” Zuckerberg plans to tell the panel of lawmakers that is investigating how the social media giant’s business practices and data gathering have hurt smaller rivals. “We also compete globally, including against companies that have access to markets that we aren’t in.”
Content retrieved from: https://www.theguardian.com/technology/2020/jul/28/facebook-amazon-antitrust-hearing-apple-google.