Facebook, Google and Amazon really do have an unprecedented amount of data on us. And keep vacuuming up more and more of it. Facebook should never have been allowed to buy WhatsApp (and maybe not Instagram though I'm less concerned about that one). Google should never have been allowed to buy DoubleClick.
Question is how you'd effectively roll that back now. I'm concerned that the government doesn't have enough people with the technical knowledge to really tackle the data question, but I'm still glad Warren is starting the conversation. And she's got some interesting ideas:
> Companies with an annual global revenue of $25 billion or more and that offer to the public an online marketplace, an exchange, or a platform for connecting third parties would be designated as “platform utilities.”
> These companies would be prohibited from owning both the platform utility and any participants on that platform. Platform utilities would be required to meet a standard of fair, reasonable, and nondiscriminatory dealing with users. Platform utilities would not be allowed to transfer or share data with third parties.
https://medium.com/@teamwarren/heres-how-we-can-break-up-big...