Elizabeth Warren: It's time to break up Amazon, Google, and Facebook
Senator Elizabeth Warren says if she becomes president, she’ll move to break up Amazon, Facebook, and Google.
“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. And in the process, they have hurt small businesses and stifled innovation,” said Warren in a post on Medium.
Warren says her administration would make big changes to the tech industry to promote competition, including breaking up Amazon, Facebook, and Google.
The 2020 presidential candidate argues tech companies are “throwing around their political power to shape the rules in their favor and throwing around their economic power to snuff out or buy up even potential competitor.”
The proposal comes as tech companies have come under fire on Capitol Hill for their use (or misuse) of users’ data — and as lawmakers call for legislation to protect consumers and their privacy.
Jessica Smith is a reporter for Yahoo Finance based in Washington, D.C. Follow her on Twitter at @JessicaASmith8.