Elizabeth Warren: "I'm sick of freeloading billionaires!"

In the New York Times, Matt Stevens reports on a feud between Elizabeth Warren and Mark Zuckerberg.

Ms. Warren argues that the tech giants have essentially developed monopolies — they have “bulldozed competition, used our private information for profit, and tilted the playing field against everyone else.”

Her plan calls for legislation that would prohibit platforms like Amazon from both offering a marketplace for commerce and participating in that marketplace; appointing regulators to undo some tech mergers; and rolling back some acquisitions by tech giants, such as Facebook’s deals for WhatsApp and Instagram.

Later Tuesday, she pressed the issue, firing off a five-tweet thread that began: “Let’s talk a bit about my plan to #BreakUpBigTech and why it’s got Mark Zuckerberg so worked up.”

“Facebook is doing pretty well right now,” Ms. Warren said, citing its acquisitions as evidence that tech companies had amassed significant power and face little competition.

“Imagine Facebook and Instagram trying to outdo each other to protect your privacy and keep misinformation out of your feed, instead of working together to sell your data, inundate you with misinformation, and undermine our election security,” she said. “That’s why we need to #BreakUpBigTech.”

Read more here.