Elizabeth Warren Announces Plan to Break up Large Tech Companies
Elizabeth Warren Announces Plan
to Break up Large Tech Companies Warren hopes to force the structural
separation of companies like Amazon,
Facebook and Google in the coming years.
She claims tech giants
have an unfair advantage
in the industry because of
their monopolizing mergers.
via statement Her regulatory plans would affect
recent acquisitions such as Whole Foods
by Amazon and Instagram by Facebook.
It would also prevent the transferring of users’ data between platforms and with third parties.
Under Warren's plan, two levels
of companies would be affected: companies with an annual global revenue
of over $25 billion, and those with a revenue between $90 million and $25 billion.
Top-tier companies, such as Amazon,
would be forced to separate their products
from profiting off their own platforms. Elizabeth Warren,
via statement Warren is currently a presidential candidate
in the 2020 race and has made a point of not
accepting corporate donations for her campaign.