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Elizabeth Warren vows to break up tech giants if elected in 2020

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  • Elizabeth Warren vows to break up tech giants if elected in 2020

    Seeking to stand out in a crowded Democratic field, Ms Warren told a crowd in Queens, New York, that she was "sick of freeloading billionaires".

    Her regulatory plan would reverse some tech mergers and stop companies from competing on their own platforms.

    This would promote competition and safeguard small businesses, she said.

    Ms Warren pinpointed the Amazon acquisition of WholeFoods as one she would reverse, along with Facebook's merger with WhatsApp and Instagram, and Google's with Waze.

    And she said she would halt practices such as Amazon selling on its own Amazon Marketplace platform.

    She outlined her proposals in a post on the website Medium. The companies have not yet commented.
    https://www.bbc.com/news/world-us-canada-47509945
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  • #2
    Clearly she thinks that she can out-spend the tech giants in the upcoming electoral process.

    I'm not sure that was a well thought out statement.
    "Whenever you find yourself on the side of the majority, it is time to pause and reflect." –Mark Twain

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    • #3
      In what way?
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      • #4
        LOL, these mega monopolies exist because of government.
        "Democracy is a form of worship. It is the worship of jackals by jackasses." H.L. Mencken

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        • #5
          Originally posted by Beemer View Post
          In what way?
          She just declared war on these corporations; you think they and their investors wont back her opponents to keep her from following through on this?
          They speak in bulletpointese leftist nutjob drivel. It doesn't matter. Nothing is as great a motivator as the chance to truly be free.
          -Mr. Raceboy

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          • #6
            I know, I just wanted to here someone else state what you said.
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            • #7
              Originally posted by Beemer View Post
              I know, I just wanted to here someone else state what you said.
              there's an app for that.
              For every ailment under the sun - There is a remedy, or there is none;
              If there be one, try to find it; If there be none, never mind it. -- Mother Goose

              "We’ve always assumed that you can’t bring back the dead. But it’s a matter of when you pickle the cells." -- Peter Rhee

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              • #8
                This article makes me laugh:

                https://www.theverge.com/2019/3/9/18...poly-antitrust

                ELIZABETH WARREN WANTS TO BREAK UP APPLE, TOO

                Sen.Sen. Elizabeth Warren (D-MA) proposed breaking up Amazon, Google, and Facebook yesterday in a post published on Medium. Her plan, which comes as the Democratic presidential primary contest continues to heat up, would classify any company that runs a marketplace and makes more than $25 billion a year in revenue as a “platform utility” and prohibit those companies from using those platforms from selling their own products.

                Under Warren’s plan, Amazon would not be able to sell Amazon Basics products on the Amazon retail store, Google would not be able to promote its own products in Google search, and Facebook would have to split apart from Instagram and WhatsApp.

                But Warren’s proposal didn’t mention Apple, which clearly matches the same set of criteria: the company makes far more than $25 billion a year in revenue, and it operates the iOS App Store, in which it distributes its own apps.

                Pete (laughs at the deliberate omission of Apple from the rhetoric)

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