Why Jim Cramer Says No to Breaking Up Big Tech
Elaborating on her proposal to break up the biggest tech companies, Democratic presidential hopeful Elizabeth Warren said Apple needed to be split up, as well as the other big tech companies, reported TheStreet's Nelson Wang.
Last week, Warren had said that companies like Facebook , Amazon and Alphabet had become too dominant and that breaking them up would spur competition and force the companies to be more responsive to users.
In particular, Warren said that companies should not be able to both own major platforms and sell their own goods and/or services on them.
In an interview with the Verge over the weekend, Warren indicated that she would include Apple among the tech companies that needed breaking up.
"Apple, you've got to break it apart from their App Store," Warren said.
"It's got to be one or the other.
Either they run the platform or they play in the store.
They don't get to do both at the same time." Jim Cramer, when asked whether or not big tech should be broken up, responded that he's not so sure that big tech should be broken up because he likes the innovation from the large tech companies.
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