Why would Elizabeth Warren want to break tech giant companies ?
Elizabeth Warren – United states senator from Massachusetts has announced her idea of breaking technology giants to expand the technology companies. On monday, she proposed an aim to break some of the largest american tech companies including Google, Facebook, and Amazon.
Elizabeth wants to breaking up whatsapp and instagram away from Facebook, whole foods away from Amazon, Google away from nest and many more etc. She argues that tech merging has undermined the competition that would restrict tech platforms offering and participating new market place.
Warren also says that this plan will also bar the user data sharing with third parties and it will strong the security of the user data. She said she wants to protect the consumers and competition. So, they don’t have power so much over everyone else.
As quoted in the New York Times, Warren says, “I want a government that makes sure everybody — even the biggest and most powerful companies in America — plays by the rules,” Ms. Warren said in a statement. “To do that, 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.”View more