Senator Elizabeth Warren Wants to Break up Big Tech

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| News

In a plan to break up ‘Big Tech’ Senator Elizabeth Warren wants to break up tech giants like Amazon, Google, and Facebook. What about Apple?

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Anti-Monopoly

Ms. Warren is running for president and 2020, and breaking up monopolies might be a part of her campaign. She argues that the big tech companies hurt small businesses and stifle innovation, and that they have grown too powerful due to weak antitrust enforcement.

image of elizabeth warren

To restore competition she proposes two things:

  1. Passing legislation that requires big tech platforms to be designated as Platform Utilities, and broken apart form any participant on that platform.
  2. Appoint regulators committed to reversing illegal and anti-competitive tech mergers.

These are aimed at companies with an annual global revenue of US$25 billion or more, and offer the public an online marketplace, an exchange, or a platform for connecting third parties. This means that the company can’t own both the platform and participants on that platform. Apple and Google wouldn’t be able to create their own apps.

Platform utilities would also have to be fair, reasonable, and nondiscriminatory dealing with users. Smaller companies would have to meet the same standards but wouldn’t be required to be broken up.

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cubefan
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cubefan

Echoing the other comments – Apple is NOT a monopoly – Amazon is NOT a tech company, per se – it abuses its position in a multi-industry market place by a combination of monopolistic and employment practices better suited to the Industrial Revolution. Amazon’s involvement in ‘Tech’ is a by-product of attempts to exploit the monopoly position it already holds and lock customers into their ecosystem. Echo, Kindle are two examples that spring to mind. Anybody who claims Apple behaves that way, and deserves to be tarred with the same brush is clearly consuming narcotic substances. I have long argued… Read more »

John Kheit
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John Kheit

This is crazy. So besides the Steve Jobs “we make the whole widget” that she wants to destroy, she wants Apple to either a) give up the app store and then is free to make apps, or, b) keep the app store and offer no software. To call this crazy is an insult to the crazy. She vague points to some bizarre conflict of interest in running your own store and selling your own wares along with others. So BestBuy stores that sell their own branded goods with others, Sears selling Kenmore (owned by Sears), Costco selling their (Kirkland) brands… Read more »

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JBSlough

How the f*ck is Apple a monopoly? It’s like she’s going after them because they make a lot money.

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Scott Weible

She has rocks for brains. Amazon, and Google, because of their size and reach, have created more opportunity for more ‘mom & pop’ businesses who could not, otherwise, have the same reach and access to customers.

furbies
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furbies

This looks like a case the “very” left of the political spectrum losing the plot again….

geoduck
Member
geoduck

There is some legitimacy in the idea.
But it won’t go anywhere.
It’s just a campaign bullet point.
Posturing for the crowd.