"What I would rather start with, keeping break-up as a reserve option, is, what can we do to add more competition?" said Warner, the vice chairman of the Senate Intelligence Committee and a former businessman in the telecommunications industry.
including a fixation from multiple Republican members on the alleged suppression of conservative speechThe executives defended their companies throughout the hearing against accusations of political bias and unfair competitive advantage in the marketplace.But rather than immediately move to break up those tech giants, Warner said regulators should press for changes including increased transparency in how the companies handle the massive amounts of data they hoard from their users.
"I think we ought to have more transparency. I think you ought to be able to know what your data is worth on an either monthly or quarterly basis, so we get rid of this misnomer that somehow these services are free," he said.
A break-up is not necessary, if the laws are in place to regulate the improper use of data collection!
Ah yes monopolies are the answer. Hot take
China sure comes in handy.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »