Democratic presidential candidate Elizabeth Warren proposes to break the biggest technology companies, including Amazon.com, Google and Facebook alphabet, they called anti giants to eliminate competition. The Massachusetts senator plans legislation designating the company as a “platform” utilities and the appointment of supervisors, mergers technology would relax and innovation that give small businesses and undermine competition. “Twenty-five years ago, Facebook, Google and Amazon did not exist,” Warren wrote in a post on the media Friday. “Now companies are more important and known to the world. It ‘a great story -., But also one that highlights why the government needs to break monopolies and promoting competitive markets” Facebook declined to comment. Amazon and Google representatives did not immediately respond to a request for a response. The Amazon shares, alphabet and Facebook, push all losses extended on the news as much as 1.5 percent. The shares were already lower after disappointing payrolls data. “The big companies have too much power of today’s technology – too much power over our economy, our society and our democracy,” said Warren. “They used to compete with bulldozers, our private information for profit, and tilted the playing field against all others. And they have small businesses and innovation give suffocated.” Warren said he “weak antitrust rules “to reduce competition and innovation in the technology industry and the laxity of venture capital investments in new start-ups to compete with large technology companies” led, because it is so easy for big companies to grab competitors either growing or drive out of business. ” Warren economic populism, along with fierce attacks on businesses and wealthy Americans, he says, are rigging the system self-interest, it is the centerpiece of their campaign in a crowded field of contenders for the Democratic presidential nomination in 2020 Copyright by Charlie Neibergall AP
Elizabeth Warren suggests breaking tech like Amazon and Google
