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Elizabeth Warren calls for breakup of Facebook, Google and Amazon

Elizabeth Warren calls for breakup of Facebook, Google and Amazon

Democratic presidential candidate Elizabeth Warren is proposing to break up the largest technology companies, including Amazon.com Inc., Alphabet Inc.'s Google and Facebook Inc., calling them anti-competitive behemoths that are crowding out competition.

Warren said in a blog post that on their way to the top, the big tech companies purchased a long list of potential competitors, like Facebook's acquisition of Instagram.

The senior U.S. senator and a leading candidate for the Democratic nomination said the companies had "bulldozed competition and tilted the playing field in their favour" as she laid out a plan for strict antitrust rules. "Google Search would have to be spun off as well", she wrote. The companies have used their resources and Internet dominance "to squash small businesses and innovation, and substitute their own financial interests for the broader interests of the American people", Warren also wrote. The first half of the Donald Trump presidency has seen the president spar with Amazon and charge Google and Facebook with anti-conservative bias.

The senator, who is now seeking the Democratic nomination for president in 2020, pledged to "make big, structural changes to the tech sector to promote more competition" in a Warren administration.

Ms. Warren said tech companies have prevented competition, "hurt small businesses and stifled innovation", announcing that her administration "will make big, structural changes to the tech sector to promote more competition - including breaking up Amazon, Facebook and Google".

Warren's plan includes a call for "platform neutrality" - banning tech giants from both providing a marketplace and selling their product on the same marketplace - and the appointment of new regulators that would undo mergers between massive tech companies.

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In a lengthy description of the tech-busting policy Friday, Warren criticized the system for allowing companies to complete mergers that snap up competitors, and by using their own marketplaces to drown out other companies.

Meanwhile, Warren wants to reverse "illegal and anti-competitive tech mergers" via appointed regulators.

We contacted Amazon, Google, and Facebook about Warren's plan.

Elizabeth Warren wants a fair playing field in the marketplace-and she's going after Big Tech to make it happen. "The federal government sued Microsoft for violating anti-monopoly laws and eventually reached a settlement".

If she were elected, such a proposal would face multiple obstacles in Congress and the courts. "Tech entrepreneurs would have a fighting chance to compete against the tech giants".