July 29, 2020 / 11:13 PM / 12 days ago

Tech CEOs 'acknowledged' behavior of 'concern' in hearing - chair

House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law Chair David Cicilline speaks during a hearing on "Online Platforms and Market Power", in the Rayburn House office Building on Capitol Hill, in Washington, U.S., July 29, 2020. Graeme Jennings/Pool via REUTERS

WASHINGTON (Reuters) - The chairman of a U.S. House of Representatives antitrust panel said the CEOs of four major tech firms acknowledged concerning behavior in a just-ended hearing on whether they abused their market power, reinforcing the committee’s own findings over the last year.

“What we heard from witnesses at the hearing confirmed the evidence that we have collected over the last year,” Representative David Cicilline, who chairs a House Judiciary subcommittee on antitrust issues, told Reuters, adding that tech firms acknowledged some behavior “That’s a tremendous concern in the investigation.”

Reporting by Nandita Bose; writing by David Shepardson

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