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Saturday, March 9, 2019

Elizabeth Warren Plans To Break Up Amazon, Facebook, And Google

Image may contain: 1 personSen. Elizabeth Warren of Massachusetts on Friday called for the government to break up Facebook, Google and Amazon, offering a plan to re-categorize the companies and reverse some major tech acquisitions.
Warren, who is running for the Democratic presidential nomination in 2020, has been a part of a growing faction within the party that has called for greater regulation and antitrust enforcement of major tech companies.
"Twenty-five years ago, Facebook, Google, and Amazon didn’t exist. Now they are among the most valuable and well-known companies in the world,"
Warren wrote in a post on the blogging platform Medium. "It’s a great story — but also one that highlights why the government must break up monopolies and promote competitive markets."
Warren's call also comes as Democrats have begun to plan for increased oversight of tech companies after taking control of the House. On Wednesday, House and Senate Democrats introduced legislation to establish strong net neutrality protections that would look to prevent major service providers from using their power to manipulate how users experience the internet. Few Democrats, however, have actively called to break up tech companies, as Warren did on Friday.
Warren said in her post that the consumer experience of most internet users is dominated by Facebook, Google and Amazon, which can then "use the Internet to squash small businesses and innovation, and substitute their own financial interests for the broader interests of the American people."
Warren's plan calls for legislation that would feature a new business category for companies with more than $25 billion of global revenue that also "offer to the public an online marketplace, an exchange, or a platform for connecting third parties." These companies would be called "platform utilities" and be prevented from owning the platform and any of its participants, as well as be required to "meet a standard of fair, reasonable, and nondiscriminatory dealing with users." They would also not be allowed to share data with other companies.
Warren pointed to Amazon's operation of its marketplace and its sale of Amazon "Basics" as an example of a violation of the proposed legislation. She also said that Google's various businesses would need to be separated, including its ad exchange and its search engine.
Warren also said that she would be looking to federal regulators to undo some recent mergers, including Amazon's ownership of the grocer Whole Foods and e-commerce website Zappos, Facebook's ownership of WhatsApp and Instagram, and Google's ownership of the navigation app Waze and home device company Nest.
"Unwinding these mergers will promote healthy competition in the market —which will put pressure on big tech companies to be more responsive to user concerns, including about privacy," she wrote. 
Facebook declined to comment on Warren's plan. Amazon and Google did not immediately respond to requests for comment. Luther Lowe, senior vice president of government relations at Yelp, which has repeatedly claimed that Google uses its search engine to scuttle competitors, said Warren's plan was "refreshing and ambitious."
GUYS, WHAT DO YOU THINK?
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FACEBOOK COMMENTS

Endy Edeson

You have a point Ola. I don't think those Tech companies will support her presidential bid after making such statement
LikeReactReplyEditYesterday at 8:25 AM

Jesse Duplantis Ehonwa

Lol!! Very funny, American government won't even mind you a bit, do you know how much the government gets as revenue and taxes from these companies? Forget that talk woman.
Edited3LoveReplyDeleteYesterday at 8:49 AM

Ifeanyichukwu Quincy

She trying to draw some attention to her self ... but the wrong attention anyways...
Edited1LoveReplyDeleteYesterday at 8:56 AM

Endy Edeson

Ifeanyichukwu Quincy Jesse Duplantis Ehonwa You guys are right. I know Mark Zuckerberg won't like her candidacy for saying such as he likes to acquire companies. Quincy you nailed it, she just wants attention
1LikeReactReplyEditYesterday at 9:21 AM

Micheal Callix Oyibo

Imagine If Mark Zuckerbeg parents had used condom on that day,some people won't be reading this and she won't be twitting.
4HahaReplyDeleteYesterday at 9:39 AM

Endy Edeson

Micheal Callix Oyibo If he had used condom, then he won't use condom another day, Michael Jackson would have still be conceived 😏😀
LikeReactReplyEditYesterday at 9:51 AM

Robinson Emeke Ikebueze

Those are the people who know what they are doing. Kudos to the Americans.
1LoveReplyDeleteYesterday at 10:30 AM

Endy Edeson

Robinson Emeke Ikebueze Good evening Sir. Do you support the planned break up of Amazon, Facebook and Google by Senator Elizabeth Warren?
1LikeReactReplyEditYesterday at 10:55 AM

Robinson Emeke Ikebueze

Endy Edeson, well, since the intention of the Congress woman who is pushing for a legislation for the break up of those companies is noble, I think I support it. Don't forget that the woman legislator wants competition to exist among those companies and the companies that will come into existence after they may have been broken up, so that the people who make use of their platforms can be served better. I think this sounds good and should be welcomed by all of us.
Edited1LikeReactReplyDeleteYesterday at 11:28 AM

Oziegbe Efeiri Omolabi

This one is already thinking like Atiku
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