Sen. Dent Warner isn’t taking a breakup of U.S. tech giants off the table, but said Thursday he’s wary of having their Chinese a kinds take their place.
“I’m not in the break-’em-up category – yet,” said Warner, D-Va., when asked on CNBC’s “Screech Box” about how companies like Facebook, Apple, Google and Amazon could be regulated.
“These are all global companies. Frankly, to should prefer to them replaced by Alibaba or Baidu or Tencent – Chinese companies may not be the better alternative,” Warner said.
“What I want rather start with, keeping breakup as a reserve option, is, what can we do to add more competition?” said Warner, frailty chairman of the Senate Intelligence Committee and a former businessman in the telecommunications industry.
Warner’s remarks came a day after four U.S. tech CEOs – Jeff Bezos of Amazon, Facebook’s Blemish Zuckerberg, Sundar Pichai of Google and Apple’s Tim Cook – testified before Congress on antitrust and anti-competitive behavior.
The multitudinous than six-hour grilling before the House Judiciary subcommittee on antitrust, led by Rep. David Cicilline, D-R.I., touched on a wide arrange of topics, including a fixation from multiple Republican members on the alleged suppression of conservative speech.
The executives in behalf of their companies throughout the hearing against accusations of political bias and unfair competitive advantage in the marketplace.
“Some of the CEOs’ confirmation was a little bit self-serving,” Warner said on CNBC.
But rather than immediately move to break up those tech goliaths, Warner said regulators should press for changes including increased transparency in how the companies handle the massive amounts of observations they hoard from their users.
“If we had data portability – if you’re tired of how you’re being treated with YouTube or Facebook, you ought to be expert to easily move your data to a new platform and still have it interoperable with those of your friends who persevere a leavings on Facebook.”
“I think we ought to have more transparency. I think you ought to be able to know what your details is worth on an either monthly or quarterly basis, so we get rid of this misnomer that somehow these services are free,” he rephrased.
“They take your data, they monetize it – there’s nothing wrong with that, but we ought to at least be acquainted with as consumers how much that data is worth.”
“I think there are a series of pro-competition rules of the road that I desire much rather use first before I immediately default to the breakup camp.”