Democratic presidential candidate Elizabeth Warren wants to "break up" growing tech monopolies owned by Amazon, Google and Facebook because they stifle innovation and hurt small businesses. The Massachusetts senator on Friday published "Here's How We Can Break Up Big Tech."
Her plan would require regulators to break up several massive mergers including Facebook's ownership of Instagram, as well as Amazon's $13.7 billion deal two years ago to acquire grocer Whole Foods. "Today’s big tech companies have too much power – too much power over our economy, our society and our democracy," Warren said in the essay. "They’ve bulldozed competition, used our private information for profit, and tilted the playing field against everyone else. ... That’s why my Administration will make big, structural changes to the tech sector to promote more competition – including breaking up Amazon, Facebook and Google."