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Elizabeth Warren proposes breaking up giant tech companies like Amazon and Facebook - The Boston Globe

posted onMarch 20, 2019
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Article snippet: WASHINGTON — Senator Elizabeth Warren proposed Friday to break up some of the nation’s biggest technology companies, casting Google, Amazon, Facebook, and others as the newest villains in the scathing picture of capitalism run amok that has framed her political rise and her presidential run. “They’ve bulldozed competition, used our private information for profit, and tilted the playing field against everyone else,” Warren wrote in a 1,700-word online post detailing her plan, which would reverse major tech mergers and break up companies, including Apple, that currently operate a marketplace or platform and participate in it. “We need to stop this generation of big tech companies from throwing around their political power to shape the rules in their favor and throwing around their economic power to snuff out or buy up every potential competitor,” Warren wrote. The proposal expands Warren’s economic platform, adding new policy details about a thoroughly modern concern — the power of the corporate giants whose technology is behind online retail, media consumption, and communication for millions of Americans — to her broadsides against bankers and the ultra wealthy. “It’s a logical next step for someone who has made her career taking on corporate monopolies and power,” said Jesse Ferguson, a Democratic strategist who worked on Hillary Clinton’s 2016 presidential campaign. But tech was already poised to be something of a flashpoint in the 2020 election, with industry... Link to the full article to read more

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