Democratic presidential hopeful Elizabeth Warren unveiled a proposal Friday to break up Big Tech, arguing that firms such as Amazon, Google and Facebook hold " too much power" in society. The organization wrote that Warren's plan "ignores the fact that numerous services big tech companies now provide free used to cost consumers money".
Warren is holding a rally in Long Island City, Queens on Friday night, where Amazon was set to open a new headquarters before it cancelled its plans amid fierce local pushback.
Democratic presidential candidate Sen.
Warren's plan would prohibit companies that make more than $25 billion a year through an online marketplace from also owning participants on the platform.
"These companies would be prohibited from owning both the platform utility and any participants on that platform".
In a blog post, Warren said she'll pursue the plan if she wins the presidency. She draws similarities to the trust-busting of Microsoft in the late 1990s with her emphasis on busting up the tech companies that have become so large they are inescapable in modern life. Google has clashed with smaller companies, like Yelp, over search placements.
Meanwhile, Warren wants to reverse "illegal and anti-competitive tech mergers" via appointed regulators. She specifically called out Amazon's acquisition of Whole Foods and Zappos; Facebook-owned WhatsApp and Instagram; and Google's Waze, Nest, and DoubleClick as "anti-competitive mergers" to be broken up.
The senator further stressed that such changes will not impact how Americans use Google, Facebook and Amazon.
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"My position is not that there should be no regulation", Zuckerberg told the Senate and the House, provided it's "the right regulation".
Notably, Warren's plan did not call out Apple, a tech company that has frequently been named the most valuable publicly traded company in the U.S. When asked, a spokesperson for Warren's campaign said Apple was indeed targeted by the policy.
Senator Elizabeth Warren (D-MA) is planning to unveil a bold proposal to break up Big Tech.
The antitrust case against Microsoft "helped clear a path for Internet companies like Google and Facebook to emerge", Warren wrote.
"Aren't we all glad that now we have the option of using Google instead of being stuck with Bing?" "We required a structural separation between the network and other businesses, and also demanded that the network offer fair and non-discriminatory service".
This will institute real change in the tech industry, she says. "You'll still be able to go on Facebook and see how your old friend from school is doing". "And in the process, they have hurt small businesses and stifled innovation", said Warren in a post on Medium.
The liberal activist group Demand Progress has previously called for the USA government to break up Facebook by forcing it to sell Instagram, WhatsApp and Messenger.