Warren Proposes Breaking Up Giant Tech Companies Like Amazon and FacebookMore
(Bloomberg) — Democratic presidential candidate Elizabeth Warren is proposing to break up the largest technology companies, including Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc., calling them anti-competitive behemoths that are crowding out competition.
The Massachusetts senator is calling for legislation that would designate the companies as “platform utilities” and the appointment of regulators who would unwind technology mergers that undermine competition and harm innovation and small businesses.
“Twenty-five years ago, Facebook, Google, and Amazon didn’t exist,” Warren wrote in a post on Medium Friday. “Now they are among the most