Elizabeth Warren's new plan: Break up Amazon, Google and Facebook

2733278823's picture
Rank: Gorilla | 604

Enhance Innovation or cockblockle monopolies?

Sen. Elizabeth Warren released an aggressive plan on Friday to break up tech giants like Amazon, Google and Facebook, targeting the power of Silicon Valley with her populist message as sprawling Internet giants face mounting political backlash ahead of the 2020 presidential election.

The far-reaching proposal would impose new rules on certain kinds of tech companies with $25 billion or more in annual revenue, forcing Amazon and Google to spin off parts of their companies and relinquish their overwhelming control over online commerce. The plan also aims to unwind some of the highest profile mergers in the industry, like the combinations of Amazon and Whole Foods, and Google and DoubleClick, as well as Facebook's acquisition of Instagram and WhatsApp.

The proposal from the Democratic presidential candidate is sure to rankle Silicon Valley executives and investors as well as opponents of government regulations, while drawing applause from progressive activists, consumer advocates and a range of lawmakers who have railed against what they see as unsustainable monopolies in the industry.

"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 wrote in a Medium post about the proposal. "That's why my Administration will make big, structural changes to the tech sector to promote more competition--including breaking up Amazon, Facebook, and Google."

Surprisingly no mention of Apple?

Comments (11)

Mar 8, 2019

Jesus, this current political climate is why I'm a self-declared Libertarian.

    • 1
Mar 8, 2019

That's a big part of her base. LOL

    • 1
Mar 8, 2019

She is a tool.

Mar 8, 2019

Kinda feel that GOOGL and the rest will fight this well. Peter Thiel talked about this in his book "0 to 1", monopoly can only be defined by first defining the market. That's why some of these companies fight so hard to get labeled a certain way (outside of valuation). First example that comes to mind if SNAP saying they are a "camera" company.

Mar 8, 2019

Some of these companies really should be broken up, but trying to undo things like DoubleClick x Google is ridiculous and she is WAY too room temp IQ to be talking about things like this.

The infuriating thing here is that people her are going to make the US less globally competitive...

...does she want more communist scum like Huawei trying to take over American cell networks?

Learn More

Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

Mar 8, 2019

This ^ we live in a different world than the one Warren grew up in. Anti-trust laws were great for U.S. consumers when companies were fighting for U.S. revenues, but why would we castrate our companies now when we are competing with the world? Go look at China's laws that restrict business, environmental regulation? Intellectual property protection? Anti-trust laws? hahahahaha! China is in a totally different world. Warren says a lot of provocative bull shit, I really hope that is all it is and not the makings of an actually policy platform. Either way, she is too far gone to really make it, so she is just making annoying noises I guess.

    • 1
Most Helpful
Mar 8, 2019

1) This will never happen.
2) Warren knows this will never happen. She's ok with that. She's posturing and creating a narrative consistent with her message that business is the enemy.
3) There are probably reasonable, thoughtful arguments based on pro-capitalist anti-trust theory for ways to limit the tech behemoths and improve competition to the benefit of the market.
4) See point number 2 for why any proposal from Elizabeth Warren will never be any of the things listed in point number 3, and should be dismissed out of hand as the ramblings of a lunatic.

Mar 8, 2019

1/1024 native american

1023/1024 retarded

    • 4
Mar 8, 2019

HAHAHA gonna use this one in the future

Mar 8, 2019

I don't know anything about anti trust law but I do not see any justification to break up companies like Amazon or Facebook. Most products that Amazon sells, you can easily buy from many other companies. I would also not be a proponent of breaking up Google but at least there is a reasonable argument to do something about their dominance in the search segment.

Mar 8, 2019