Big Tech And The Optical Illusion Of Monopoly

By Karen Webster, PYMNTS

The most interesting thing about Big Tech’s Fab Four tour of Capitol Hill last Wednesday (July 29) wasn’t the perfunctory lawmaker grandstanding, or even the number of times lawmakers used “dominant” and “crushing the competition” to describe their views on the companies’ behavior.

It was watching the stock prices of each of the companies whose CEOs were on the hot seat that day.

Throughout the six-plus-hour grilling, the stock prices of Amazon, Apple, Facebook and Google were all up — and stayed that way throughout the day.

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