Sen. Elizabeth Warren, D-Mass., shared her proposal to regulate big technology companies like Amazon, Google and Facebook in a March 8 blog post.
Ms. Warren, who is running for the Democratic presidential nomination, said large tech companies have too much power.
"They've bulldozed competition, used our private information for profit and tilted the playing field against everyone else," she wrote. "And in the process, they have hurt small businesses and stifled innovation."
To pave the way for America's future tech sector, Ms. Warren proposed the following:
1. Restore competition in the tech sector.
2. Pass legislation to designate big tech platforms — any tech company bringing in at least $25 billion in annual global revenue — as "platform utilities," which would require them to "provide an online marketplace, an exchange or a platform for connecting third parties."
3. Regulate platform utilities to prohibit them from sharing user data with third parties as well as owning both the platform utility itself and any participants on the platform.
4. Appoint regulators to break up anti-competitive mergers, such as Amazon's mergers with supermarket chain Whole Foods and Zappos, an online shoe and clothing retailer.
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