Elizabeth Warren says that Big Tech companies like Facebook, Google and Amazon have too much power over US 'economy, society, and democracy.'
Senator Elizabeth Warren, who is seeking the 2020 Democratic presidential nomination, unveiled a proposal to break up Big Tech firms Google, Facebook and Amazon.
Warren said in a statement that she would as president press for legislation to designate the big online companies with revenues of US$25 billion or more as “platform utilities” barred from owning “any participants on that platform.” “Today’s big tech companies have too much power – too much power over our economy, our society, and our democracy,” she wrote in a blog post on Medium.
The proposal comes amid a growing “techlash” movement in the United States against the firms, which have grown to become the world’s most valuable, amid concerns on handling of private user data and dominance of certain sectors such as online retail and internet search, and a series of antitrust investigations in Europe.
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