On the first day of much-awaited hearings before the U.S. Federal Trade Commission, a series of speakers mocked Big Tech critics as populists peddling unmoored theories for guaranteeing a fair market for consumers.
What’s going on: Today’s FTC hearing came as public and political leaders in the U.S. and Europe are grappling with the sudden recognition of the immense commercial, political and social power held by tech giants like Amazon, Facebook and Google.