Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.New documents surfaced through a Congressional investigation into Apple, Google, Amazon, and Facebook show how the companies pursued acquisitions and fought off perceived competitors.
Members of Congress obtained emails, memos, and internal studies from the four companies as part of an ongoing antitrust investigation. They were published Wednesday when the CEOs of the four companies testified in anThe documents reveal how top executives at the tech giants including Facebook CEO Mark Zuckerberg and former Apple CEO Steve Jobs guided their companies' growth and jousted with perceived threats.
In his response, Zuckerberg said it was a combination of both. He then replied to that email 45 minutes later to clarify that "I didn't mean to imply that we'd be buying them to prevent them from competing with us in any way." by Congress show Amazon aimed to undercut Quidsi, the parent company of Diapers.com and Soap.com, before acquiring the company for $545 million in 2010.
Rep. Mary Gay Scanlon, a Pennsylvania Democrat, questioned Amazon CEO Jeff Bezos about the emails Wednesday and accused Amazon of routinely weakening competitors with low prices, even if it caused Amazon to take a loss. Bezos responded that he didn't remember the situation described in the emails about Diapers.com and that Amazon sets low prices to win over customers.
That's capitalism, baby! 🤑
In what business is the competition not ruthless. The difference is that they have the money and minds to make it happen. It's not an excuse for them, just saying if you got the CEOs of big pharma up there the stuff that would come out would cause riots.
All these platforms were created by the C I A to gather information, which we hand over without a second thought. Of course they're going to be ruthless.
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