Elizabeth Warren calls for breaking up Amazon, Facebook and Google
Sen. Elizabeth Warren unveiled a plan Friday morning to promote competition in the tech sector by breaking up tech giants including Amazon, Google and Facebook.
“Today’s big tech companies have too much power ― too much power over our economy, our society, and our democracy. They’ve bulldozed competition, used our private information for profit, and tilted the playing field against everyone else,” Warren wrote in a post published on Medium. “I want a government that makes sure everybody ― even the biggest and most powerful companies in America ― plays by the rules. And I want to make sure that the next generation of great American tech companies can flourish,” she continued. “To do that, we need to stop this generation of big tech companies from throwing around their political power to shape the rules in their favor and throwing around their economic power to snuff out or buy up every potential competitor.
Warren is proposing “two major steps,” she said. The first would be passing legislation that designates certain large tech platforms as utilities that “would be prohibited from owning both the platform utility and any participants on that platform.” The second would be appointing regulators that would “unwind anti-competitive mergers,” like Amazon and Whole Foods, and Facebook and Instagram.This is a developing story. Check back for updates.
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