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Cicilline said in a press release. Silicon Valley's supporters argue that the scale of Apple, Amazon, Facebook and Google has offered customers with unprecedented innovation and sweeping technological advantages, usually at reduced price. Facebook and Google declined to comment. Forbid acquisitions created to squelch competitive threats, or those that would expand or entrench the market energy of on-line platforms. In July, the chief executives of the 4 organizations were hauled in front of Cicilline's committee for a grueling six-hour hearing, an unprecedented public interrogation of Significant Tech's most visible leaders. The immense marketplace power of these businesses, which with each other represent far more than $6 trillion in marketplace worth, has confounded the fundamental principles that guided antitrust legislation in the US for generations. Lawmakers have grow to be increasingly concerned by the industry's behavior and threatened to address it. Critics of Big Tech counter that the industry's extraordinary industry power harms workers, suppresses smaller sized rivals and costs customers in methods other than revenue. Apple and Amazon didn't respond to messages searching for comment.
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