Elizabeth Warren

On Friday, presidential hopeful Elizabeth Warren laid out a plan to break up tech giants like Facebook, Amazon, and Google by forcing them to divest from major acquisitions.
Warren cited Facebook’s acquisition of WhatsApp and Amazon’s purchase of Whole Foods as mergers she would “unwind” for being anti-competitive.
It’s a bold plan, but experts tell us its unlikely to happen given the history of antitrust cases and how difficult it would be to carry out.

On Friday, presidential hopeful Elizabeth Warren laid out a plan to break up tech giants like Facebook, Amazon, and Google by forcing them to divest some of their biggest acquisitions.

Warren cited Facebook’s acquisition of WhatsApp and Amazon’s purchase of Whole Foods as anti-competitive mergers she would “unwind.”

It’s a bold plan, but experts tell us it’s unlikely to happen given the history of antitrust cases and how difficult it would be to carry out.

Read more: Elizabeth Warren says she wants to break up big tech companies, including Amazon, Google, and Facebook

To establish precedent, Warren wrote that “America has a long tradition of breaking up companies when they have become too big and dominant.” But for NYU Law …read more

Source:: Businessinsider – Technology

      

(Visited 2 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *