May 24, 2019

Elizabeth Warren vows to break up tech giants if elected president

08 March 2019, 10:41 | Hattie Nash

Getty Images

Boys bye

The great divide: In a blog post, Warren, a Democratic senator from MA, said that if she wins office in 2020, she's going to push for legislation that labels companies running online marketplaces with revenue of $25 billion or more as "platform utilities". Warren wants to prevent tech companies from being participants on their own platforms as marketplaces - Amazon wouldn't be allowed to sell its own products on, for example. "And in the process, they have hurt small businesses and stifled innovation", said Warren in a post on Medium.

"That means we break Facebook away from Instagram and WhatsApp, Amazon away from Whole Foods, Google away from Nest, and more", Warren wrote in a campaign email.

She later takes a swing at Amazon's HQ2 sweepstakes: "Some of these companies have grown so powerful that they can bully cities and states into showering them with massive taxpayer handouts in exchange for doing business".

Warren pointed to Amazon Marketplace, Google's ad exchange, and Google Search as examples of platform utilities.

Samsung has another two foldables in the works
Samsung is believed to be considering offering free screen replacements after the Galaxy Fold launches in May, Bloomberg claims. Experiments have shown that a visible crease would appear after the screen is folded and unfolded for more than 10,000 times .

The Computer & Communications Industry Association, which represents the three firms cited by Warren, disputed her analysis.

It's Warren's latest effort to shape the policy agenda for the rest of the Democratic presidential primary, coming after earlier announcements of a "wealth tax" plan on households with high net worth and a universal child care proposal.

"We need legislation specifically targeted to enhance competition on digital platforms so that there is a real opportunity for new, innovative competitors to succeed", said Charlotte Slaiman, the group's policy counsel.

Robert Atkinson, president of the Information Technology & Innovation Foundation, a think tank that follows the sector, said the plan "is not pro-consumer".

Duke's Williamson out for 4th straight game with knee injury
Chaundee Brown led Wake Forest with 21 points and 10 rebounds and Brandon Childress with 19 points. Plus, Mitchell and Derek consider seeding possibilities for both the ACC and NCAA tournaments.

Wooooh!' As opposed to saying, these are actually big media companies and your information is a commodity.

Calling the proposal "smart and practical", Open Markets Institute fellow Matt Stoller said it also showed that it's been a "good week for anti-monopolists".

"Keep in mind the Sherman Act is not just a civil statute but a criminal one". They've bulldozed competition and tilted the playing field in their favor.

Facebook has always been in the crosshairs of politicians, but Democrats have been frustrated by Republican-led hearings that they feel did not address the breadth of the company's power and whether it is using it responsibly. For instance, Columbia law professor Tim Wu published The Curse of Bigness: Antitrust in the New Gilded Age in November, which argues that monopolies and their near relations are the defining feature of the current USA economy. "While big tech companies could present concern, that's not enough for an antitrust case".

Northwestern Hospital Firings After Smollett Record Access
Jussie Smollett stirred up controversy when he was listed as a suspect in his own apparent attack and arrested as a result. The nurse says she was called in at the end of her shift last Tuesday, fired on the spot and escorted out of the hospital.

Other News

Trending Now

Kevin Jonas reveals one person in the family who hates Priyanka Chopra
Nick , Joe and Kevin (in order of best vocals, sorry) separated in 2013 because the band caused problems within their family. A pop trio of siblings, the Jonas Brothers is comprised of Kevin Jonas , Joe Jonas , and Nick Jonas .

Arsenal fans launch furious tirade after FA decision
We adapted, our adaptation is preparing [for] the matches with the days we can have". But we need to focus and with our players, there is a possibility to come back'.

Mourinho could replace Solari at Madrid in the coming days — AS
Now, pressure is mounting of Santiago Solari in the dugout with the club unlikely to keep him in place for the 2019/20 campaign. The former France captain has not managed since.

Snow Set To Hit Many Areas This Weekend
Met Éireann isn't taking any chances this weekend warning of snow, sleet, hail and rain over the weekend. Before heavy rain moves into our area we'll get another blast of winter snow tonight in Cuming County.

Patch immediately: Chrome zero-day flaw is being attacked now
Schuh made the suggestion on Twitter, in which he pointed to a recent update to Chrome's Stable Channel for desktop systems. You can download the latest version of Google Chrome for Linux , Windows , and macOS using these links.

SpaceX Crew Dragon capsule splashes down in Atlantic Ocean
It carried approximately 400 pounds of equipment, food and other supplies the astronauts need in order to continue their work. The SpaceX Crew Dragon is spinning down its orbit after undocking from the International Space Station early Friday.

China, US Nearing Trade Deal
Robert Lighthizer, who is the USA trade representative, has been speaking on behalf of the US against the officials in China. However, the US wants to continue to have the threat of tariffs as leverage to ensure China will comply with any agreement.

China is Currently Holding 1600 Teslas at Customs
Clearance was held up after Chinese customs discovered misprinted labels on certain Model 3 cars. The world's largest electric vehicle market making inroads into China is crucial for Tesla.

Captain Marvel Is Certified Fresh
Because the movie is set in the '90s, Jackson had to be de-aged in the editing room to appear like a younger version of Nick Fury. Rather than learn new things about herself she's remembering old ones , and instead of an arc, Larson settles for a smirk.

‘The Simpsons’ to pull Michael Jackson episode amid ‘Leaving Neverland’ doc backlash
Once in hospital, Homer meets a bald, overweight, soft-voiced patient who identifies himself as pop star Michael Jackson . Groening, 65, and Al Jean , a longtime writer and showrunner for the series, The Wall Street Journal reported.