Amazon.com Inc Chief Executive Jeff Bezos and Facebook Inc's Mark Zuckerberg will defend their respective companies before a congressional hearing on Wednesday by saying they face intense competition from large rivals.
), which is twice its size. He also says the coronavirus pandemic boosted e-commerce businesses across the spectrum and not just Amazon.
Zuckerberg argues that the social media company became successful “the American way, by starting out with nothing and providing products that people find valuable. Zuckerberg will also defend Facebook’s acquisitions by saying the social-media platform helped companies like WhatsApp and Instagram grow. Both are owned by Facebook.
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