New York AG Candidate: Time To Break Up Facebook And Google

Thursday, July 26, 2018
By Paul Martin

by Tyler Durden
ZeroHedge.com
Thu, 07/26/2018

New York attorney general candidate Zephyr Teachout says it’s time to “explore breaking up” Facebook and Google under state and federal antitrust laws if she is elected.

Teachout, a Democrat, told a crowd outside the Manhattan office of the New York Daily News – the day after the paper fired half of its staff, that tech companies are to blame for dominating the advertising space, “drawing revenue from newspapers and publishers,” reports the Washington Post.

“As attorney general,” said Teachout, “I would work with my colleagues in other states to launch a major antitrust investigation to look into the ways in which Facebook and Google are wielding and may be abusing their duopoly powers.”

The Attorney General hopeful’s campaign pledge comes amid a national debate about competition and monopoly, as many – including President Trump, have set their sights on tech giants for unfair practices.

President Trump tweeted on Monday that “the Washington Post is nothing more than an expensive (the paper loses a fortune) lobbyist for Amazon. Is it used as protection against antitrust claims which many feel should be brought?”

New York in particular is widely viewed as a champion of consumer protection issues, as previous attorney generals have aggressively pursued litigation against companies accused of misbehaving.

Elsewhere, Missouri Attorney General Josh Hawley on Wednesday announced an expansion of his office’s antitrust probe into Google. Hawley served a new subpoena as part of his investigation into whether the search giant may have taken “improper steps to enhance its market power.” Hawley cited the European Union’s recent $5 billion fine against Google for bundling its proprietary apps on Android phones in what the E.U. said was an anti-competitive fashion. -WaPo

“If the European commission’s allegations are true, Google’s conduct may have violated both federal and state antitrust laws,” Hawley said in a statement.

The Rest…HERE

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