Facebook's Acquisition of Instagram Was Illegal: Rep. Cicilline

The transcript discusses an investigation into major tech companies like Apple, Amazon, Alphabet, and Facebook, focusing on their market dominance and anticompetitive behaviors. It highlights CEO testimonies, particularly those of Mark Zuckerberg and Jeff Bezos, and the implications of their admissions. The discussion extends to the adequacy of current antitrust laws and the need for policy updates to ensure fair competition. The transcript also explores potential legislative proposals to address these issues, emphasizing the importance of modernizing antitrust statutes and considering new regulatory measures.

What concerns were raised regarding Amazon's use of third-party data?

What are the implications of the market power held by large technology platforms?

What legislative changes are being considered to address antitrust issues?