Illustration: Aïda Amer/Axios

Microsoft is just as giant as the other Big Tech firms participating in tomorrow's House antitrust hearing, but a longtime former executive believes it's successfully dodged scrutiny on the issue because of its past antitrust battles.

"Microsoft has done a nice job staying out of the crosshairs on antitrust stuff because they've been through it," Kevin Turner, Microsoft's chief operating officer between 2005 and 2016, tells Axios. "A lot of people want energy over experience, but in the legal area I think experience matters."

Context: The House Judiciary Committee's House Judiciary Antitrust Subcommittee tomorrow will hear from Apple CEO Tim Cook, Amazon CEO Jeff Bezos, Facebook CEO Mark Zuckerberg, and Google CEO Sundar Pichai.

  • As of today's trading, Microsoft has a larger market cap than any of the participants except for Apple.
  • Microsoft in 1998 was charged by the Justice Department with antitrust violations, and the case dragged on for years. The company was initially found guilty, which would have resulted in a breakup, but then won on appeal.
  • Despite the ultimate victory, many believe Microsoft was distracted by the case, thus helping to create an opening for Google to emerge.

Yes, but: Microsoft may get swept up in this century's antitrust battles yet. Slack last week filed a complaint in the European Union arguing that Microsoft harms competition by tying its Teams collaboration software to the Microsoft Office software suite.

Go deeper

Oct 23, 2020 - Technology

Zuckerberg, Dorsey testifying at Senate Judiciary after election

Photo: Mandel Ngan/Pool via Getty Images

Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey will testify before the Senate Judiciary Committee on Nov. 17, the panel announced Friday.

The big picture Conservatives are angry that Twitter and Facebook made moves to limit the spread of the New York Post's controversial Hunter Biden coverage, and authorized subpoenas for their testimony this week.

Updated 24 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging. Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk — Mark Meadows: "We are not going to control the pandemic"
  2. Health: 13 states set single-day coronavirus case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. Education: The dangerous instability of school re-openings.
  4. World: Australian city to exit one of world's longest lockdowns — In photos: Coronavirus restrictions grow across Europe
  5. Media: Fox News president and several hosts advised to quarantine after possible COVID-19 exposure
  6. Nonprofit: Rockefeller Foundation commits $1 billion for COVID-19 recovery
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Bond investors see brighter days

Illustration: Sarah Grillo/Axios

U.S. government bonds could breakout further after yields on the benchmark 10-year Treasury note ticked up to their highest since early June last week.

But, but, but: Strategists say this move is about an improving outlook for economic growth rather than just inflation.