Professor Maurice Stucke helped a number of news agencies make sense of potential antitrust violations this week as CEOs from the four largest U.S. technology companies appeared before the U.S. House Subcommittee on Antitrust, Commercial, and Administrative Law.
Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Google’s Sundar Pichai, and Apple’s Tim Cook appeared remotely for the latest in a series of hearings on online platforms and market power.
Government officials are in the midst of a 13-month bipartisan investigation into each company’s business practices to determine whether those practices illegally stifle competition.
The news reports detailed how CEOs denied allegations that their actions have violated antitrust laws while Stucke helped provide context for the inquiry.
“This hearing is timely and important,” Stucke said in an interview with RollCall.com.
Stucke, a former attorney in the Department of Justice’s antitrust division, said the hearing took place at a critical time as authorities wrestle with market power.
“The emerging consensus is that, first, antitrust oversight is necessary but not sufficient to address the multiple risks posed by these powerful platforms; second, antitrust laws need to be updated; and third, we need to move beyond antitrust law to adopt a regulatory framework that addresses risks to consumer protection and privacy,” Stucke said.