Warren said that she would designate the companies as “platform utilities,” and then break them apart “from any participant on the platform.” Basically, she wants to cut up any monopolies the tech giants may have going.
It may be too late for that, however. If Facebook could vote, 2.27 billion users can’t be wronged.
“Break Up Big Tech”
Warren broke out her plan on a blog post – not on Facebook or Google, of course.
“Here’s how we can break up Big Tech,” she says: “platform utilities” would be companies with an annual global revenue of $25 billion or more that offer an online marketplace, exchange, or platform. Smaller companies, doing $90 million to $25 billion, would be subject to similar standards.
So by 2020, that would be every marijuana company? Just kidding, but some might ask: what is the honorable senator smoking? Will she be funding her campaign without tech contributions?
As unlikely as it may seem, stranger things have happened. In 2016, Facebook somehow helped Donald Trump get elected.
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