US Senator Elizabeth Warren announced a plan to split the Amazon and Facebook and other large technology companies. She’s currently the most explicit presidential campaign in 2020 raised a proposal to limit the development of Silicon Valley.
The Democratic wrote in a blog post, that she wishes to create major structural transformation in the technology industry to encourage more competition, which includes split of Amazon, Facebook and Google.
At present, these companies are responsible for protecting user data and integrating services such as e-commerce and digital advertising, and are therefore subject to government review.
Warren made this proposal at the time of the 2020 Democratic primary, when some people called for more active action against Silicon Valley companies to protect consumers and workers known as Silicon Valley violations.
Elizabeth Warren said: “Today’s large technology companies have too much power over our economy, society and democracy. They make the market competition mundane, use our private information for personal gain, and make the competitive environment a reality. In the process, they not only hurt small businesses, but also killed innovation.”
However, the senator have not mentioned Apple at least for once which is the same technology giant, in her statement.
In reaction, Minnesota Democratic Senator Amy Klobuchar projected legislation to protect consumer data because of concerns about Facebook sharing user information with third-party companies. Vermont Independent Senator Bernie Sanders, who is also running for president as a Democrat, has repeatedly advised Amazon to raise salary and benefits for workers.
According to her the plan will work in two steps. She will support legislation to choose certain companies as platform utilities. She defines it as “providing the public with online markets, exchanges, or connected third-party platforms with annual global revenues of 250 companies with billions of dollars or more.”
She added, “These companies will be banned from owning both the platform utilities and any participants on the platform, and their platform utilities must meet the criteria for fair, reasonable and non-discriminatory processing with users, and the platform is not allowed to be shared. Businesses and third parties transmit or share data.”
She has warned the technology giants, as regulators or private users will have the right to sue for violations of these rules. The ones that will violate those rules will have to pay a fine. It must be equal to 5% of annual revenue.
Her campaign team didn’t immediately reply to why she hasn’t referred Apple in the program.