Senator Elizabeth Warren is running for president on a broad agenda of fighting economic inequality. One element of her plan is to undue major corporate mergers. These include Amazon’s ownership of Whole Foods and Zappos, Facebook’s ownership of WhatsApp and Instagram, and Google’s ownership of Waze, Nest and DoubleClick. She argues that this concentration of big-tech power leads to limitless corporate greed, which works against consumers.
Recently, a tape was leaked of Mark Zuckerberg talking about how Facebook might respond if Warren were to be elected. On the tape Zuckerberg is heard saying, “If she 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. And does that still suck for us? Yeah. I mean, I don’t want to have a major lawsuit against our own government”
In response, Warren tweeted, “What would really ‘suck’ is if we don’t fix a corrupt system 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.” For Warren, the pain of unrestrained giant companies is far greater than the stress of lawsuits.
Surprisingly, Zuckerberg has publicly affirmed the authenticity of the audio tapes.