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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 supplied consumers with unprecedented innovation and sweeping technological positive aspects, typically at decrease price. Facebook and Google declined to comment. Forbid acquisitions designed to squelch competitive threats, or these that would expand or entrench the marketplace energy of on line platforms. In July, the chief executives of the four businesses have been hauled in front of Cicilline's committee for a grueling six-hour hearing, an unprecedented public interrogation of Large Tech's most visible leaders. The immense marketplace power of these firms, which with each other represent much more than $6 trillion in marketplace value, has confounded the fundamental principles that guided antitrust legislation in the US for generations. Lawmakers have become increasingly concerned by the industry's behavior and threatened to address it. Critics of Large Tech counter that the industry's extraordinary market energy harms workers, suppresses smaller rivals and fees customers in ways other than revenue. Apple and Amazon didn't respond to messages looking for comment.
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