'Not surprising' people are calling for breakup of tech firms: Husic | Sky News Australia

FULL INTERVIEW: Shadow Minister for the Digital Economy Ed Husic says it’s ‘not surprising’ that people are looking to break up big tech firms such as Facebook and Google, as debate resurfaces over the technology sector oligopoly. Mr Husic says Facebook has been one of the ‘worst culprits’ in terms of breaches of people's data and privacy.

Questions over the issue were recently reignited after US presidential candidate Elizabeth Warren announced plans to break up Amazon, Google and Facebook to promote competition. Mr Husic likened the move to the fragmentation that happened with large banks, divided into commercial and investment firms. The Shadow Minister says regulators will need to be given ‘powers to act’ if firms are found not to be acting in the ‘publics' best interest’.

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Warning issued to tech players pushing for market dominance | Sky News AustraliaFederal Labor has issued a warning to large tech players who push for market dominance by buying out smaller companies. \n\nThe call follows a pledge by US presidential candidate Elizabeth Warren to break up the likes of Amazon, Google, and Facebook in an effort to create competition within the tech industry. \n\nThe Shadow Digital Economy Minister says the idea has merit and should be further considered by the major political parties. \n\n\n\n\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »