12/31/2022 Sen. elizabeth warren america’s monopoly problem and what should be done about itRead NowThat’s all she wrote, which is far from enough. In late February, the FTC announced that it had formed a task force to scrutinize Big Tech, and, yes, it will also look specifically at past acquisitions and mergers. They might have been asleep at the wheel when it comes to Big Tech, but they seem to be waking up. Second, Warren wants to appoint "regulators committed to reversing illegal and anti-competitive tech mergers.” But we already have such regulators - antitrust officials at both the Federal Trade Commission and the Department of Justice. ![]() ![]() Not just conservatives: Google and Big Tech can shift millions of votes in any direction After 12 years of daily use, here's why I'm unfriending it for good. In 2017, Google was fined $2.7 billion by the EU for doing exactly that.įacebook, YouTube and social media are failing society. Her solutions? First, pass legislation that would label any large tech company a “ platform utility” that would be “prohibited from owning … any participants on that platform.” This means Amazon couldn’t sell its own branded widgets on Amazon and that Google couldn’t set up its own comparison shopping service while demoting competing shopping services in its search results. These companies need to be taken down, Warren says, because they buy up possible competitors (consider Facebook’s 2012 purchase of Instagram, a photo-sharing application) and, in some cases, because they crush small businesses by directly competing with those businesses on their platforms (for example, when Amazon offers its own branded version of a product another company is selling on Amazon). The trouble is, her plan doesn't address the real dangers posed by Big Tech. She has also said, separately, that Apple should be dismembered as well. ![]() Presidential candidate Elizabeth Warren recently called for breaking up Facebook, Google, and Amazon, claiming in her detailed proposal that they have too much power and stifle competition and innovation.
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