For reasons that still remain a bit unclear, the idea of breaking up large tech companies like Facebook, Google, and Amazon has became a popular talking point for a few Democratic presidential candidates this year. With respect to Facebook in particular, Senator Elizabeth Warren has been championing a plan that would see regulators rollback a number of Facebook’s more notable acquisitions, including its $1 billion purchase of Instagram and its $19 billion purchase of WhatsApp.
“Today’s big tech companies have too much power — too much power over our economy, our society, and our democracy,” Warren said in a widely circulated blog post this past March. “They’ve bulldozed competition, used our private information for profit, and tilted the playing field against everyone else. And in the process, they have hurt small businesses and stifled innovation.”
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Leaked audio of Mark Zuckerberg details Facebook’s plan to fight Elizabeth Warren originally appeared on BGR.com on Tue, 1 Oct 2019 at 16:19:41 EDT. Please see our terms for use of feeds.
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