Sen. Elizabeth Warren could see a major boost from donors in Silicon Valley who are drawn to her big tech proposals.
'She seems on it and has a plan'
"Today's big tech companies have too much power — too much power over our economy, our society, and our democracy,". "They've bulldozed competition, used our private information for profit, and tilted the playing field against everyone else. That's why my administration will make big, structural changes to the tech sector to promote more competition — including breaking up Amazon, Facebook, and Google," she added.
"The truth is that most of the U.S. hasn't participated in the financial gains of Wall St. or Silicon Valley. In that, [there] is a lot of frustration about systems led by groups of insiders," Palihapitiya said. "Trump was the populist right's reaction to this. Warren is the left's. The difference between the two is that Warren is more disciplined, policy-focused and detail oriented than Trump. She is Trump's greatest threat to reelection.
Warren responded to Zuckerberg on Twitter, calling for a fix to a system she calls "corrupt" and one that "lets giant companies like Facebook engage in illegal anti-competitive practices, stomp on consumer privacy rights, and repeatedly fumble their responsibility to protect our democracy." Meanwhile, her campaign has spent $1.4 million on Facebook ads since July.
Inbound and outbound business activity with China has come to a near standstill as the Trump administration has pushed tariffs and cast doubt on the safety of data and information with Chinese companies. "Most of SV [Silicon Valley] doesn't work for big tech and a lot of big tech employees have values contrary to their employees," this aide said,"SV venerates competence, vision, disruption and they see those qualities in Warren."
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