Elizabeth Warren has big plans to break up Amazon, Google, and Facebook

Elizabeth Warren has big plans to break up Amazon, Google, and Facebook

Elizabeth Warren has big plans to break up Amazon, Google, and Facebook

Senator Elizabeth Warren said on Friday that if elected USA president she would seek to break up Amazon.com Inc., Alphabet Inc.'s Google and Facebook Inc.as part of a structural change to the tech sector aimed at promoting competition.

"We must ensure that today's tech giants do not crowd out potential competitors, smother the next generation of great tech companies, and wield so much power that they can undermine our democracy", Warren said Friday.

The Competitive Enterprise Institute (CEI), a think tank that promotes free markets, called Warren's plan a "doomed regulatory experiment". Google has clashed with smaller companies, like Yelp, over search placements.

But, she said, small businesses would have a shot at selling on Amazon, Google Search couldn't push competitors down in favor of their own companies, and Facebook would be pressured to "improve the user experience and protect our privacy".

Amazon and Google did not immediately respond to requests for comment.

One of Warren's 2020 rivals, Senator Cory Booker, has faced criticism for his past closeness to the tech industry.

Elizabeth Warren published a blog post on Medium that matter of factly stated that it's time to break up three of the most powerful companies in the country.

Amazon.com (ticker: AMZN) shares were down just over 1% in Friday trading, Facebook (FB) was off about 0.6%, and Alphabet (GOOGL), Google's parent, was nearly flat.

"The federal government sued Microsoft for violating anti-monopoly laws and eventually reached a settlement", she writes.

She added: "We must help America's content creators - from local newspapers and national magazines to comedians and musicians - keep more of the value their content generates, rather than seeing it scooped up by companies like Google and Facebook".

For example, under Warren's proposal, Facebook would be forced to unwind its purchases of Instagram and WhatsApp. First, the Democratic lawmaker said her administration would appoint "regulators committed to reversing illegal and anti-competitive tech mergers", including Amazon's purchase of Whole Foods, Facebook's tie-up with

The liberal activist group Demand Progress has previously called for the US government to break up Facebook by forcing it to sell Instagram, WhatsApp and Messenger. In the Senate, Warren continues to be an outspoken critic of Wall Street and is a leader of her party's progressive wing. "Tech entrepreneurs would have a fighting chance to compete against the tech giants".

Latest News