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Elizabeth Warren Announces Plan to Break up Large Tech Companies

Video Credit: Wibbitz Top Stories - Duration: 01:35s - Published < > Embed
Elizabeth Warren Announces Plan to Break up Large Tech Companies

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.

Elizabeth Warren, 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.

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