RATE Group | Warren ‘opened up’ opportunity for us to think about Facebook breakup: Rep. Waters
66330
post-template-default,single,single-post,postid-66330,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Warren ‘opened up’ opportunity for us to think about Facebook breakup: Rep. Waters

24 Oct Warren ‘opened up’ opportunity for us to think about Facebook breakup: Rep. Waters

Posted at 02:38h in Cryptocurrency News by

[ad_1]

Sen. Elizabeth Warren has “opened up the opportunity” for Congress to seriously think about breaking up Facebook, Democratic Rep. Maxine Waters told CNBC on Wednesday.

“The discussion now is in the air,” the congresswoman and chair of the House Financial Services Committee said on “Closing Bell” shortly after Facebook CEO Mark Zuckerberg’s testimony before the committee.

Warren, a front-runner in the 2020 presidential race, has vowed to break up Google parent Alphabet, Facebook and Amazon if elected. Warren says companies such as Facebook have engaged in monopolistic or “anti-competitive” practices and the government has a responsibility to break them up.

On Wednesday, Waters and other lawmakers grilled Zuckerberg over the company’s policies, including its track record on diversity, the cryptocurrency it plans to create with its organization Libra, and attempts to prevent misinformation.

Waters, who is urging Facebook to halt its plans to launch its cryptocurrency, suggested at the…

[ad_2]

Source link

Tags:
, , , , , ,