U.S. lawmakers take jabs at Amazon, Big Tech in antitrust hearing
Tuesday, 16 July 2019 Lawmakers on the House Judiciary Committee's antitrust panel on Tuesday pressed an executive from Amazon.com Inc on allegations that it competed against its own sellers and pushed them to buy advertising and fulfillment services.
Facebook got a lashing by Senate lawmakers from both sides of the aisle on Tuesday over plans for its cryptocurrency and from House lawmakers investigating big tech’s monopoly in the digital space. Jane Lanhee Lee reports.
On today's episode: The Justice Department takes aim at big tech for antitrust, but first fines Facebook $5 Billion over privacy issues; Amazon to give new home buyers up to $5K in smart home tech; UPS..