Tech Hearing Gets Heated

Lawmakers accuse tech giants Facebook, Amazon, Google and Apple of creating monopolies and harming public discourse in fiery anti-trust hearing. NBC's Liz McLaughlin reports.

(NBC News) — The leaders of the nation’s top tech giants, Facebook, Google, Amazon and Apple, defended their companies during a Congressional anti-trust hearing Wednesday.

Lawmakers have accused the companies of harming the economy by creating monopolies.

The hearing was a culmination of a 13-month probe, with CEOs appearing virtually to testify.

All four CEOs echoed similar points in their defense, noting they are that they are job creators and innovators, who do face competition.

“Our goal is the best, not the most,” said Apple’s Tim Cook.

“Our service is connection and our business is advertising and we face intense competition in both,” Facebook’s Mark Zuckerberg argued.

Lawmakers may not be convinced, and industry observers predict new regulations will be put in place, either by legislation or through regulatory orders.

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