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Elizabeth Warren: Google, Apple 'Snuff Out Competition' With 'Too Big to Fail' Mentality

Elizabeth Warren: Google, Apple 'Snuff Out Competition' With 'Too Big to Fail' Mentality
U.S. Sen Elizabeth Warren (D-MA) (R) addresses the crowd as Democratic Presidential candidate Hillary Clinton looks on during a campaign rally at the Cincinnati Museum Center at Union Terminal June 27, 2016 in Cincinnati, Ohio. (John Sommers II/Getty Images)

By    |   Sunday, 03 July 2016 10:57 AM

Sen. Elizabeth Warren took on the tech industry this week, accusing companies such as Google, Apple, and Amazon of employing business practices that "snuff out competition."

"[The] idea of 'too big to fail' in the financial sector gets a lot of attention," Warren said Wednesday in a speech for public policy think tank New America, CNN reported. "But the problem isn't unique to the financial sector. It's hiding in plain sight all across the American economy."

The Federal Trade Commission is investigating Google for favoring its own services on its search engine and Apple for making it hard for other services to stream on Apple Music, according to CNN. Meanwhile, a group of authors has accused Amazon of directing customers to its own publishers.

"Google, Apple, and Amazon have created disruptive technologies that changed the world, and . . . they deserve to be highly profitable and successful," Warren said. "But the opportunity to compete must remain open for new entrants and smaller competitors that want their chance to change the world again."

The speech from Warren, who is being floated as a potential running mate for presumptive Democratic nominee Hillary Clinton, came a day after Clinton reached out to Silicon Valley with her technology agenda, according to Recode.

Vanity Fair called Warren's comments proof that she isn't a suitable running mate for Clinton.

"By singling out these three companies in particular, Warren took a simultaneous swing at some of Clinton’s most powerful allies in tech," the magazine wrote.

Twitter users criticized Warren's comments.







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Sen. Elizabeth Warren took on the tech industry this week, accusing companies such as Google, Apple, and Amazon of employing business practices that "snuff out competition."
elizabeth warren, google, apple
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2016-57-03
Sunday, 03 July 2016 10:57 AM
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