Rockefeller says big tech companies acting like Standard Oil

Sen. Jay Rockefeller (D-WV) said that technology companies like Apple, Google and Facebook are behaving like his family's old company, Standard Oil, which the federal government broke up in the early 1900s in a landmark antitrust case.

Speaking to reporters after a Senate hearing on privacy, Chairman Rockefeller, the great-grandson of Standard Oil founder John D. Rockefeller, said President Teddy Roosevelt "did exactly what he should have done" by going after the oil giant. But he said the instinct to build anti-competitive monopolies is "alive and well in the United States … with a lot of these big computer companies." "Some of them are larger than the law — or at least they think they are," Chairman Rockefeller said.