US President William Hoperen will break up Amazon, Facebook and Google and "relax" all their recent acquisitions.
"Facebook, Amazon and Google have great power over the economy and democracy," Warren tweeted today, linked to a medium post that goes into greater detail about her plans. "They have bulldozed competition and tilted to the playing field in their favor. Time to break up these companies so they don't have that much power over everyone else."
Warrens medium-sized references refer to Microsoft and how the US government succeeds. to stifle the belligerent monopoly almost 20 years ago. It also explains inexplicable fun at Microsoft.
"The federal government sued Microsoft to violate monopoly law and ultimately achieved a settlement," she writes. "The government's antitrust case against Microsoft helped remove a path for Internet companies such as Google and Facebook. History demonstrates why it is so important to promote competition: it allows new, ground-breaking companies to grow and thrive – something that pushes everyone on the market to offer better products and services. Are we not all happy that we now have the ability to use Google instead of getting stuck with Bing? "
But her point is that today's big technology companies, which only exist because Microsoft was concerned with deviating its antitrust problems, are too strong.
"We have to stop this generation of big tech companies from throwing around their political power to shape the rules to their advantage and throw around their financial power to sniff out or buy up all potential competitors," she continues. will my administration make major structural changes in the technology sector to promote more competition – including breaking up Amazon, Facebook and Google. "Warrens plan goes beyond just breaking up these companies. She always wants to reverse what she calls" Illegal and Competitive Technological Mergers. "By the way, all regulatory reviews met. She wants to" relax "mergers and acquisitions that brought whole foods and Zappos to Amazon; WhatsApp and Instagram to Facebook; and Waze, Nest and DoubleClick to Google. will set up real change in the technology industry, she says.
"You can still go to Google and search as you do today," she explains. il still be able to go to Amazon and find 30 different coffee machines that you can get delivered to your house in two days. You will still be able to go on Facebook and see how your old friend from school is doing "
" Here's what will change, "she continues." Small businesses would have a fair shot to sell their products on Amazon without fear of Amazon pushing them out of business. Google couldn't spoil competitors by demote its products on Google Search. Facebook would face real pressure from Instagram and WhatsApp to enhance the user experience and protect our privacy. Technical entrepreneurs would have a huge chance to compete against the tech giants. "
Honestly, the outcome sounds pretty reasonable. It's just that reversing mergers and acquisitions that were approved earlier sounds very illegal.
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