Tech Giants: Amazon,Apple,Facebook, Twitter CEOs Face Claims Of Harmful Power

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The heads of some of the world’s biggest tech companies have appeared before Washington lawmakers to defend their firms against claims they abuse their power to quash competitors.

Amazon boss Jeff Bezos said the world “needs large” firms, while the heads of Facebook, Apple and Google argued their companies had spurred innovation.

The appearance comes as lawmakers consider tougher regulation and competition probes are under way.

Some critics want the firms broken up.

The head of a US congressional antitrust committee however, said Wednesday at a high-stakes hearing that the CEOs of the four US tech giants are too powerful and will likely emerge from the corona virus pandemic even stronger.

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