Sen. Elizabeth Warren unveils plan to break up Amazon, Facebook and Google

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Warren, a Massachusetts Democrat, called out Facebook, Amazon, and Google in particular, but her plan covers any large tech company engaging in what she considers to be anti-competitive behavior.

[T] hose that have an annual global revenue of $25 billion or more, and those with annual revenue of $90 million to $25 billion.

The Democrat added that her proposal would also empower federal regulations to break up mergers that reduce competition, like those involving Amazon, Whole Foods and Zappos; Facebook, WhatsApp and Instagram; and Google, Waze, Nest and DoubleClick. "They've bulldozed competition, used our private information for profit, and tilted the playing field against everyone else", Warren wrote in a post published on Medium.

Democratic 2020 U.S. presidential candidate and U.S. Senator Elizabeth Warren (D-MA) arrives a Senate Banking and Housing and Urban Affairs Committee hearing on "The Semiannual Monetary Policy Report to Congress" on Capitol Hill in Washington, U.S., February 26, 2019.

Warren is proposing "two major steps", she said. She took aim at Amazon's search for lavish economic incentives from cities competing for its headquarters, likening the company's efforts to pit areas against each other to the dystopian film "The Hunger Games".

President Trump said in August that he believed tech companies are in an "antitrust situation", but he was more concerned about organizations capturing information from their users.

Amazon, Facebook and Google did not immediately respond to requests for comment.

What's new. Warren's proposal is notable not simply because it makes the case for antitrust action against Amazon, Facebook and Google, but for the specificity of her prescription.

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Warren's proposal would also prevent Amazon from selling its own branded products through its platform, resulting in lost revenue for the company but not killing the business model of taking a cut of every other transaction on the website.

Warren's big-tech breakup plan is one of the strongest initiatives introduced by any 2020 candidate.

Facebook has always been in the crosshairs of politicians, but Democrats have been frustrated by Republican-led hearings that they feel did not address the breadth of the company's power and whether it is using it responsibly.

The senator's blog post doesn't put Apple on her hit list, but spokesperson Saloni Sharma told CNBC that Warren wants the company's App Store to be a separate entity.

The Computer & Communications Industry Association, which represents the three firms cited by Ms Warren, disputed her analysis. "Never before have consumers and workers had more access to goods, services and opportunities online", said Carl Szabo, NetChoice vice president and general counsel.

There have been increasing calls in the press, government, and legal worlds that our current tech giants constitute monopolies the likes of which we haven't seen since the Gilded Age, and that we need to give them the Gilded Age treatment.

"Here's what will change", she continues.

Senator Bernie Sanders in 2018 even named a bill after Amazon founder Jeff Bezos, the Stop BEZOS Act, which would tax big companies if their employees receive public benefits.

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