Today, NetChoice challenged US Senator Warren’s new Medium post supporting the breaking-up of successful American tech businesses like Amazon, Facebook, and Google.
“Sen. Warren is wrong in her assertion that tech markets lack competition. Never before have consumers and workers had more access to goods, services, and opportunities online,” said Carl Szabo, Vice President and General Counsel for NetChoice.
“Breaking up tech companies would hurt – not help – America’s middle class,” continued Szabo.
“Sen. Warren’s proposal would increase prices for consumers, make search and maps less useful, and raise costs to small businesses that advertise online. This proposal is bad for all Americans.”
Startups have never been more prevalent. The Kauffman Index of Growth Entrepreneurship shows that entrepreneurship is at its highest levels since 2008. Main street growth and startup activity are likewise up. The US Bureau of Labor Statistics found self-employment is up since 2014 and is projected to grow at 7.9% — faster than the projected rate for all workers.