Elizabeth Warren calls for breakup of Facebook, Google and Amazon

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Warren, a Massachusetts Democrat, called out Facebook, Amazon, and Google in particular, but her plan covers any large tech company engaging in what she considers to be anti-competitive behavior.

"Companies with an annual global revenue of $25 billion or more and that offer to the public an online marketplace, an exchange, or a platform for connecting third parties would be designated as 'platform utilities'".

Warren said that she would nominate regulators who would unwind acquisitions such as Facebook's deals for WhatsApp and Instagram, Amazon's deals for Whole Foods and Zappos, and Google's purchases of Waze, Nest and DoubleClick.

"Today's big tech companies have too much power - too much power over our economy, our society and our democracy", she wrote in a blog post on Medium ahead of a NY rally where she was to speak about the plan.

The senior United States 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.

In a speech she'll be giving today in Long Island City, Queens, the Democratic presidential hopeful will discuss her proposal to weaken the monopolistic grip of tech giants such as Amazon, Google, and Facebook, reports the New York Times.

"Giants are not allowed to buy out the competition".

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She has sought to set herself apart from the dozen or more Democrats vying to challenge President Donald Trump in next year's presidential election with a flurry of policy proposals at an early stage of the campaign.

Warren discussed the matter on Medium, promising that her "Administration will make big, structural changes to the tech sector to promote more competition". Google has clashed with smaller companies, like Yelp, over search placements.

Tech companies have come under increasing fire.

Amazon and Google did not immediately respond to requests for comment.

"Senator Warren is wrong in her assertion that tech markets lack competition". This would, for example, forbid Amazon from selling on its Amazon Marketplace platform.

The proposal from the Democratic presidential candidate is sure to rankle Silicon Valley executives and investors as well as opponents of government regulations, while drawing applause from progressive activists, consumer advocates and a range of lawmakers who have railed against what they see as unsustainable monopolies in the industry. However small businesses would have more chance of gaining visibility, whether that be surfacing higher on search results or competing with Amazon. Google spent $21 million to lobby in 2018 while Amazon spent $14.2 million and Facebook spent $12.62 million, according to their filings to US Congress. Warren urged supporters of her plan to sign a petition. She draws similarities to the trust-busting of Microsoft in the late 1990s with her emphasis on busting up the tech companies that have become so large they are inescapable in modern life. "It will draw forth a lot of animosity - even by people who are sympathetic to the idea that big tech firms are abusing power".

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