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Senator Elizabeth Warren yesterday vowed that she is in plans to break-up industry giants – Facebook, Google, and Amazon if elected as president. She now wants Apple to receive the same treatment. In an interview with The Verge, she said that Apple too tries to eliminate competition so as to enjoy a monopoly.
Her rationale behind the need to break-up Apple is not something that we don’t know. Apple too tries to become a merchant on their own platform as Amazon and others do. Warren is of the opinion that Apple should not be given privileges to operate the iOS app store and distribute its own app there. It should be one of the two.
“Either they run the platform or they play in the store. They don’t get to do both at the same time,” said Warren. It is worth noting that Warren’s policy doesn’t intend to hurt small businesses performing the same stunt. She targets companies that enjoy more than $25 billion a year in revenue as a “platform utility.”
She also mentioned a few instances where this kind of arrangement was broken. “Back when the railroads were dominant, and you had to get steel or wheat onto the railroad, there was a period of time when the railroads figured out that they could make money not only by selling tickets on the railroad, but also by buying the steel company and then cutting the price of transporting steel for their own company and raising the price of transporting steel for any competitors.
“And that’s how the giant grows,” she added.