Rep. Pramila Jayapal congress tech antitrust hearing

Facebook CEO Mark Zuckerberg said the company has “adapted features” from competitors during Wednesday’s big tech antitrust hearing.
Rep. Pramila Jayapal, Democrat of Washington, asked Zuckerberg whether Facebook had copied features from rivals as part of its competitive strategy.
Jayapal pressed Zuckerberg on conversations that occurred during Facebook’s acquisition of Instagram, asking whether the company threatened to copy Instagram’s features while it attempted to buy it.
The exchange was part of an unprecedented antitrust hearing in which CEOs from Facebook, Apple, Amazon, and Google testified before Congress.
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Facebook CEO Mark Zuckerberg said the company has “adapted features” from competitors when confronted about whether the social media giant used unfair practices — including copying features from rivals — to stay ahead of competitors.

The exchange was part of an unprecedented antitrust hearing on Wednesday, in which the CEOs of Facebook, Google, Apple, and Amazon testified before Congress as part of an investigation into whether these companies are engaging in anticompetitive business practices.

Zuckerberg said Facebook had “certainly adapted features” from others in response to a question from Rep. Pramila Jayapal, Democrat of Washington, whether the company had copied features from competitors. During her questioning, Jayapal cited emails between Facebook executives about pursuing “aggressive and nimble” tactics to maintain a lead over competing services.

She also pressed Zuckerberg about whether the company has ever threatened to clone products from other companies while trying to acquire them.

Specifically, she pushed the Facebook CEO on whether the social media giant had used a camera product the firm was developing at the time to threaten Instagram cofounder Kevin Systrom ahead of its $1 billion acquisition of the photo sharing app in 2012.

Jayapal referenced a chat in which Zuckerberg told Systrom that Facebook was “developing our own photo strategy, so how we engage now …read more

Source:: Business Insider

      

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