'We are not a monopoly!' Apple CEO Tim Cook fights back as major US tech companies struggle to recover from FTC antitrust probe announcement which tanked share prices | WHAT REALLY HAPPENED


'We are not a monopoly!' Apple CEO Tim Cook fights back as major US tech companies struggle to recover from FTC antitrust probe announcement which tanked share prices

Apple CEO Tim Cook denied his company was a monopoly on Tuesday after it was revealed that a Federal Trade Commission investigation was in the works into his company and others which critics say have too much power.

In an interview with CBS, Cook said Apple did not control a majority in any market and that while he welcomes scrutiny, he disagrees with the suggestion that he should split up parts of the business.

It came a day after stocks plummeted on Monday after reports emerged that the FTC was leading an antitrust investigation into Facebook Inc and its practices.

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