Big tech companies like Google, Facebook, Amazon, and Apple are probably breathing a collective sigh of relief after Elizabeth Warren dropped out of the running for president on Thursday. The Massachusetts senator made her intentions clear from the very beginning that one of her first orders of business as president would be to break up Silicon Valley’s tech powerhouses.
She called out Amazon, Facebook, and Google by name and accused them of using their high status to absorb the competition, exploit our private information, and hurt small business in the process. She also said that these companies used mergers as a way to further their agenda, and she took an issue with Facebook turning a blind eye to politician’s ads on their platform that often contained misinformation.
Last March, Warren released a detailed plan as to how she would break up the tech giants. As president, she wanted to pass legislation that would require large tech platforms to be designated as “Platform Utilities” broken apart from any participant on that platform. She also planned to appoint regulators to reverse illegal and anti-competitive tech mergers like Amazon and Whole Good, Facebook and Instagram, and Google and Waze.
But even with their biggest enemy out of the running, tech giants shouldn’t feel too safe.
Warren’s loud and proud opinions on the subject got other candidates talking as well. As it turns out, Bernie Sanders’ views on the subject seem to align pretty closely with Warren’s. Joe Biden, on the other hand, hasn’t been the most clear on where he stands though we do know that he’s not the biggest fan of Facebook for the same reason Warren mentioned.
As of right now, we’re still not sure who Warren plans to endorse going forward. When she was asked about it, she said, “Let’s take a deep breath and spend a little time on that. We don’t have to decide that this minute.”
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