War­ren plan would break up tech giants

The Buffalo News - - NATIONAL NEWS - – Wash­ing­ton Post

WASH­ING­TON – Demo­cratic Sen. El­iz­a­beth War­ren pledged on Fri­day to take aim at Ama­zon, Face­book and Google if she is elected pres­i­dent in 2020, break­ing apart each of the big tech­nol­ogy com­pa­nies and in­tro­duc­ing sweep­ing new reg­u­la­tion of Sil­i­con Val­ley.

The pro­posal marks the most am­bi­tious and ag­gres­sive ef­fort tar­get­ing the tech in­dus­try of­fered by any Demo­cratic con­tender for the White House, and it could put pres­sure on other pres­i­den­tial as­pi­rants to of­fer sim­i­lar plans for more ag­gres­sive tech over­sight.

“To re­store the bal­ance of power in our democ­racy, to pro­mote com­pe­ti­tion and to en­sure that the next gen­er­a­tion of tech­nol­ogy in­no­va­tion is as vi­brant as the last, it’s time to break up our big­gest tech com­pa­nies,” War­ren said.

Her plan pri­mar­ily tar­gets only those com­pa­nies with an­nual rev­enue over $90 bil­lion, and it would em­bolden fed­eral and state reg­u­la­tors to is­sue steep fines and other penal­ties that harm com­pe­ti­tion or con­sumers.

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