It's not just Mark Zuckerberg: Elizabeth Warren is making all the right enemies
from competing with TikTok to Facebook’s cryptocurrency project to government regulation during two private all-staff meetings earlier this summer. At one point, Zuckerberg invokes Warren in response to a question about the possibility of future regulators breaking up Facebook. “If [Warren] gets elected president, then I would bet that we will have a legal challenge, and I would bet that we will win the legal challenge,” Zuckerberg says, according to the audio.
It’s true: One of Warren’s most ambitious plans calls for tougher antitrust oversight and enforcement of massive tech companies including Facebook, Amazon, and Google. For Facebook specifically, Warren wants to appoint new regulators who would cleave away Instagram and WhatsApp from Facebook.
Warren responded to Zuckerberg by embracing his comments. “What would really ‘suck’ is if we don’t fix a corrupt system,” she, “that lets giant companies like Facebook engage in illegal anticompetitive practices, stomp on consumer privacy rights, and repeatedly fumble their responsibility to protect our democracy.”
This is hardly the first time an executive inside an insanely lucrative industry has singled out Warren for criticism.that Wall Street executives who had previously supported Democrats were contemplating sitting out the presidential race — or backing President Trump — if Warren won the nomination.
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