Warren says tech giants have 'too much power,' need breakup

Warren says tech giants have 'too much power,' need breakup

5 years ago
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https://apnews.com/4407af172d46407f9b05300b0eeaadd5

WASHINGTON (AP) — Democratic presidential candidate Elizabeth Warren says the technology industry is too heavily concentrated among the biggest companies and she has a plan to address that.

The Massachusetts senator is proposing legislation targeting tech giants with annual revenue of $25 billion or more. It would limit their ability to expand and break up what she calls "anti-competitive mergers" — such as Facebook's purchase of Instagram and Amazon's acquisition of Whole Foods.

Warren says tech giants have 'too much power,' need breakup

Mar 8, 2019, 4:26pm UTC
https://apnews.com/4407af172d46407f9b05300b0eeaadd5 > WASHINGTON (AP) — Democratic presidential candidate Elizabeth Warren says the technology industry is too heavily concentrated among the biggest companies and she has a plan to address that. > The Massachusetts senator is proposing legislation targeting tech giants with annual revenue of $25 billion or more. It would limit their ability to expand and break up what she calls "anti-competitive mergers" — such as Facebook's purchase of Instagram and Amazon's acquisition of Whole Foods.