Tim Cook would like to remind you that Apple does not dominate any of its markets

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Tim Cook of Apple and Mark Zuckerberg of Facebook were among the tech CEOs who downplayed their market dominance in front of Congress today. Wednesday’s Congressional antitrust hearing convened the CEOs of four tech-industry titans: Apple, Amazon, Google, and Facebook. And during their testimonies, each CEO was firmly committed to downplaying the size of his respective corporate behemoth. Read Full Story

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Which Big Tech CEO hurt his brand most during the antitrust hearing? The definitive ranking

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This largely ceremonial wrist-slapping of the leaders of Google, Amazon, Facebook, and Apple was also an exercise in the ties between CEO and brand image. On Wednesday, Apple CEO Tim Cook, Alphabet CEO Sundar Pichai, Facebook CEO Mark Zuckerberg, and Amazon CEO Jeff Bezos all testified before Congress, as lawmakers investigate if and how these companies stifle competition and harm consumers. Read Full Story

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Tim Cook is right: Contactless payments are more popular than ever

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One report found that 2020 is the year mobile payments will surpass both cash and credit card payments in the number of transactions. Yesterday Apple, the world’s largest tech company by market cap, had its quarterly financial call. While most of the call, as you would expect, was about hardware sales, Apple CEO Tim Cook made an interesting comment about how the pandemic is increasing the adoption of one specific type of tech in the United States: contactless mobile payments. Per Cook (via MacRumors ): Read Full Story

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How Slack could reshape the entire Big Tech antitrust debate in the U.S.

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The outcome of Slack’s antitrust action against Microsoft and Teams may send shock waves through antitrust probes against Big Tech in the United States. The House Judiciary Committee may now wish it had invited Microsoft CEO Satya Nadella to join Apple’s Tim Cook, Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, and Google’s Sundar Pichai at its upcoming hearing on antitrust . Microsoft, after all, was the defendant in perhaps the biggest antitrust case against a tech company in the last half-century, during the “ browser wars ” of the 1990s and 2000s. And now the company may be set to relive the whole thing after Slack complained to the European Commission about how Microsoft markets its Teams collaboration product. Read Full Story

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The devastating cost of the Big Tech billionaires’ immense wealth

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The titans of tech just keep getting richer, giving them undue influence over politics and democracy—which harms all of us. COVID-19 was a boon for the superrich. There are few better examples than the founders, CEOs, and spouses of the five Big Tech giants: Amazon’s Jeff Bezos and Mackenzie Scott, Microsoft’s Bill Gates, Facebook’s Mark Zuckerberg, Google’s Larry Page and Sergey Brin, and Apple’s Tim Cook and Laurene Powell Jobs. I call them the tech barons. Read Full Story

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Big Tech no longer sees its customers as humans–antitrust could change that

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Tech giants like Amazon and Facebook have lost sight of the people behind the data points. Antitrust regulation may be the best way to return empathy to tech. Big Tech CEOs—Amazon’s Jeff Bezos, Apple’s Tim Cook, Sundar Pichai of Google, and Facebook’s Mark Zuckerberg—testified yesterday before the U.S. House Judiciary antitrust subcommittee. I don’t expect much to result from this hearing. Such gatherings are largely theatrical, and yesterday’s was frequently derailed by partisan questions around liberal biases. And then there’s the fact that U.S. antitrust efforts are only a shadow of their former self, narrowly focused on consumer pricing rather than general competitive and societal impact and a far cry from the time of the Standard Oil Company, U.S. Steel Corporation, and AT&T breakups. Read Full Story

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