Opinion | Sam Thielman: Elizabeth Warren's break-up plan for Amazon, Facebook could be the dawn of a new era of antitrust reform. - NBCNewsTHINK
, with components that can be divorced from one another and adopted as independent initiatives, as well as those gigantically ambitious suggestions right at the top.
Among the other details of the plan is her suggestion that “[c]ompanies with an annual global revenue of $25 billion or more and that offer to the public an online marketplace, an exchange, or a platform for connecting third parties would be designated as ‘platform utilities,’” and subject to significant data-sharing and data privacy restrictions that might make their current business models untenable.
It’s a straightforwardly radical suggestion — especially given the laissez-faire way the last several administrations have allowed tech companies to evolve — but it is also easily achievable within our current regulatory framework and has plenty of distinguished precedent.Facebook, Google and other internet platforms are creating a dystopian nightmare. It's time to wake up.
But a good argument alone has not been enough to convince most people in Warren’s position; the topic of tech industry regulation has proven a depressingly accurate test for determining which politicians have the strength of their convictions, and which can be persuaded by lobbyists and large campaign contributions to gently bend their ideals.
Despite companies subverting consumer protections with anti-competitive mergers and ignoring what little regulation does exist at every turn, Democrats — who receive
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Sen. Elizabeth Warren pushes to break up big tech companies like Amazon and FacebookSen. Elizabeth Warren unveiled a plan Friday to break up massive technology companies such as Amazon and Facebook, the clearest proposal yet in the 2020 presidential race to limit the growth of Silicon Valley.
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Elizabeth Warren Announces Plan To Break Up Huge Tech Platforms Like Facebook, Google, And AmazonWarren said that she would classify the huge companies as 'platform utilities' and attempt to break them apart via antitrust laws.
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