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Presidential hopeful Elizabeth Warren has unveiled plans to break up and regulate Amazon, Google, and Facebook. The Massachusetts Senator\u2019s anti-monopoly stance aligns her with both Bernie Sanders and Donald Trump.<\/p>\n
Warren said<\/a> she would \u201cunwind tech mergers that illegally undermine competition,\u201d<\/em> and introduce legislation that would bar platforms from both offering a marketplace and selling their own services on that same marketplace.<\/p>\n Facebook, Amazon, and Google have vast power over our economy and democracy. They\u2019ve bulldozed competition and tilted the playing field in their favor. Time to break up these companies so they don\u2019t have so much power over everyone else. #BreakUpBigTech<\/a>https:\/\/t.co\/2rWT0wJ8vD<\/a><\/p>\n \u2014 Elizabeth Warren (@ewarren) March 8, 2019<\/a><\/p><\/blockquote>\n<\/div>\n The plan would directly target Facebook\u2019s acquisition of WhatsApp and Instagram, as well as Amazon\u2019s takeover of Whole Foods and Google\u2019s absorption of mapping company Waze and ad firm DoubleClick.<\/p>\n It would also split companies into two tiers. Those with an annual revenue of $25 billion or more would be legally forced to separate their goods from their marketplace services, while those earning less would face less stringent regulation. Companies would also be barred from sharing user data with third parties.<\/p>\n Warren\u2019s plan was well received by her supporters on the left. Some suggested that she go after the \u2018too big to fail\u2019 banks for good measure.<\/p>\n 2020 Democratic presidential candidates, ranked:<\/p>\n 1) Bernie Sanders<\/p>\n 2) Elizabeth Warren<\/p>\n 3-X) everyone else<\/p>\n \u2014 Ben Spielberg (@BenSpielberg) March 8, 2019<\/a><\/p><\/blockquote>\n<\/div>\n Big banks spent $1M+\/day for a year trying to keep Elizabeth Warren\u2019s CFPB from happening.<\/p>\n She won that fight. Institutions were forced to pay $12B to people they cheated.<\/p>\n The \u201cWarren can\u2019t beat Trump\u201d logic is utter nonsense. Nobody is better at beating up plutocrat scumbags.<\/p>\n \u2014 Adam Best (@adamcbest) March 7, 2019<\/a><\/p><\/blockquote>\n<\/div>\n Using regulatory power to break up monopolies is not a radical idea. Antitrust laws were used to break up oil tycoon John D. Rockefeller\u2019s Standard Oil and J.B. Duke\u2019s American Tobacco Company in 1911. More recently, Microsoft was sued in the 1990s for making it difficult for users to uninstall its bundled Internet Explorer web browser, a move the Justice Department called anti-competitive.<\/p>\n The growing dominance of a handful of Silicon Valley tech giants has reignited talk of monopoly-busting. Almost half of all e-commerce goes through Amazon, while more than 70 percent of all internet traffic goes through sites owned by Google or Facebook, Warren\u2019s statement claims.<\/p>\n With some calling<\/a> the firms\u2019 monolithic power \u201cthe death of the web,\u201d<\/em> calls for regulation have come from both the left and the right in America.<\/p>\n\n\n
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