For nearly two years now, I’ve been calling to #BreakUpBigTech—including Facebook. I’d said before that the purchases of WhatsApp and Instagram should never have been approved and need to be reversed. Today, the FTC and 48 states agreed.
politico.com/news/2020/12/0…
politico.com/news/2020/12/0…
Facebook is doing pretty well right now. They've acquired potential competitors WhatsApp and Instagram. More than 85% of all social networking traffic goes through sites owned or operated by Facebook. They've got a lot of power—and face little competition or accountability.
And they’ve wielded that power over everything—over our economy, our society, and our democracy. They’ve bulldozed competition, used our private information for profit, and tilted the playing field. And in the process, they have hurt small businesses and stifled innovation.
I want a government that makes sure everybody—even the biggest and most powerful companies in America—plays by the rules. And I want to make sure that the next generation of great American tech companies can flourish.
More competition means more options for consumers and content creators, and more pressure on companies like Facebook to address the glaring problems with their businesses. Healthy competition can solve a lot of problems and it’s how we can protect the future of the Internet.
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