US lawmakers take jabs at Big Tech in antitrust hearing | SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Lawmakers on the House Judiciary Committee’s antitrust panel pressed an executive from Amazon.com Inc about allegations that it competed against its own sellers

The committee does not have authority to punish the companies, and any effort to change antitrust laws affecting tech firms would face hurdles in the Republican-controlled Senate. So the questioning served largely to convey the panel’s displeasure over many of the companies’ business practices. Sutton argued that the data was used solely to predict what customers wanted, and to offer it to them. “The algorithms are optimized to what customers want to buy regardless of the seller,” he said.

Nor did they press Facebook about a proposed $5 billion settlement between with the FTC to resolve allegations that the company violated a 2011 consent agreement by inappropriately sharing information on 87 million users with the now-defunct British political consulting firm Cambridge Analytica.

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