Big Tech In The Hot Seat As Congress Probes Monopoly Power, Digital Currency
Lawmakers in the Senate and House are questioning lobbyists and officials from Facebook, Google, Amazon and Apple on an array of issues, including whether they're so big they stifle competition.
by Aarti Shahani
Jul 16, 2019
2 minutes
Updated at 1:25 p.m. ET
Given Facebook's track record of broken promises over privacy, U.S. senators said Tuesday that the social media giant can't be trusted when it comes to plans to launch a digital currency.
"Facebook is dangerous," Sen. Sherrod Brown, D-Ohio, said at a Senate Banking Committee hearing. "Like a toddler who's gotten its
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