Worried about the growing power of corporations, some are calling for Alphabet to split up voluntarily before being forced to by anti-trust action
San Francisco — Shareholder activists want Google parent Alphabet to break itself up before regulators force the world’s biggest internet ad seller to split into different pieces.
The proposal has no realistic chance of success as Alphabet’s top two executives, Larry Page and Sergey Brin, hold 51.3% of shareholder votes. The US department of justice and the Federal Trade Commission are gearing up to investigate whether Google, Amazon, Apple and Facebook misuse their massive market power, sources told Reuters earlier this month.
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