And Apple is nearing a $2 trillion market cap at the time of writing.
But while stocks were soaring, some of the biggest revelations gleamed from the hundreds of emails and internal documents released by Congress were only just coming to light.And in the days that followed, it's felt like business as usual., only a week after Mark Zuckerberg was questioned about the company's copycat strategies. Rep. Pramila Jayapal said during the House hearing that the company's tactics of cloning and acquiring made it "hard for new companies to flourish.
Apple hasn't escaped the headlines either, after Tim Cook met Congress amid concerns that the App Store operated in a way that was anticompetitive. This week, Facebook publicly attacked Apple's App Store policies after finally launching its Facebook Gaming app, but only after removing the ability for users to actually play games .
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Peter Thiel elaborates on this in his book “From Zero to One”. The point is if your company is a monopoly, you’ll try to show there are more competitors, whereas if your product is a commodity you’ll try to present your company as unique (when it’s not).
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