Senator Elizabeth Warren has made taking on big tech a key part of her campaign for the Democratic Presidential nomination. Bloomberg Businessweek analyzed what her plans might mean.
The plan consists of two big ideas. The first is to unwind old acquisitions, such as Facebook Inc.’s purchases of Instagram in 2012 and WhatsApp in 2014. There’s a legal framework already in place for this. The Federal Trade Commission has the power to review old mergers and said when it formed an antitrust task force in February that it would consider doing so. Any such moves would certainly end up in court. Facebook Chief Executive Officer Mark Zuckerberg has already told employees he thinks the company would prevail if a Warren administration tried to break it apart. Warren’s second idea is that the tech giants—those with more than $25 billion in revenue—that operate an online marketplace or exchange shouldn’t be allowed to offer services that compete with the participants on those platforms.
Check It Out: Elizabeth Warren’s Plan For Big Tech