CNet:
"Today's big tech companies have [too much power over] our economy, our society, and our democracy," wrote Warren in a blog post. "They've bulldozed competition, used our private information for profit, and tilted the playing field against everyone else. And in the process, they have hurt small businesses and stifled innovation."
Warren said that big tech companies use mergers to swallow competition and sell products on their own e-commerce platforms, which hurt smaller businesses' opportunities to succeed. Weak antitrust enforcement also resulted in "a dramatic reduction" in competition and innovation in the tech industry, according to Warren's blog post.
With conservative voices decrying Big Tech censorship, internet activists decrying privacy violations, and now Senator Warren calling for outright dismemberment, Big Tech might be in for a rocky stretch of road.
(Score: 4, Insightful) by Runaway1956 on Saturday March 09 2019, @02:47AM (4 children)
Every time government approves of a multi-billion dollar acquisition, they are assisting in creating monopolistic corporations. Smaller acquisitions fly under the radar, but they work to the same end.
(Score: 0) by Anonymous Coward on Saturday March 09 2019, @03:00AM (1 child)
This is a policy position, the correct thing to do is make a big stink about the telecoms themselves along with FB / Google. As others are saying those are definitely the more important monopoly threat. Maybe she has a hidden agenda for Big Telecom, maybe not, but without some type of evidence you shouldn't judge too quickly.
(Score: 0) by Anonymous Coward on Saturday March 09 2019, @07:26PM
the correct thing to do is make a big stink about the telecoms themselves along with FB / Google. As others are saying those are definitely the more important monopoly threat.
Yes. Another worthy cause is being torpedoed by the popular fascism that seems to fly under everybody's radar. Attacking the content providers reveals a not so well hidden censorship agenda. Once we deal with the ISP issue, the content giants will naturally fall by the wayside.
(Score: 4, Informative) by DeathMonkey on Saturday March 09 2019, @03:02AM (1 child)
That's definitely where the oversight should be occurring, but here we are....
John Oliver's take on corporate consolidation was pretty good. [youtube.com] If you haven't seen it.
(Score: 1, Insightful) by Anonymous Coward on Saturday March 09 2019, @03:07AM
Oversight has to come from the voting booth, or it simply won't happen.