The biggest tech companies have gotten too big, presidential hopeful Elizabeth Warren argues. She is proposing to break up Amazon, Facebook and Google, regulate them like utilities and unwind many of the acquisitions the firms have made in recent years.
2020 Democratic presidential candidate Sen. Elizabeth Warren speaks to local residents during an organizing event, Friday, March 1, 2019, in Dubuque, Iowa. Ten years ago, luminaries from the technology and policy arenas mingled in tuxedos and ball gowns, sipping cocktails and eating canapes in the Andrew Mellon Auditorium on Constitution Avenue. John Kerry was there. So was Ben Affleck. And, of course, Eric Schmidt was there. It was his party, after all.
"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."
Warren promises that her trustbusting proposal wouldn't affect the ways that consumers use the platforms -- that goods would still be available through Amazon, search still effective on Google, and people still able to keep up with their social circle on Facebook.change: Small businesses would have a fair shot to sell their products on Amazon without the fear of Amazon pushing them out of business. Google couldn't smother competitors by demoting their products on Google Search.
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