New York AG James: Facebook and Google are not too big to fail
Topics: NEW YORK FACEBOOK GOOGLE
In an interview with the publication, James described Facebook as a monopoly and said the social media giant's users have "nowhere else to go," Bloomberg Businessweek reported.
"Facebook's monopoly hurts consumers, it hurts the marketplace, it hurts advertisers," she said. Breaking up the company is "one of the many remedies that are on the table," she said.
"We want Facebook to stop its anticompetitive conduct and undo the harm it’s caused. Facebook’s monopoly hurts consumers, it hurts the marketplace, it hurts advertisers. And Facebook users have nowhere else to go. Breaking up Facebook is one of the many remedies that are on the table.
"Google is a sprawling monopolist, with tentacles in almost every part of our everyday online activities—search, search advertising, restrictive contracts, placement. They discriminate against companies like Yelp and TripAdvisor, and they starve general search. These companies are not too big to fail or to break up." ■