Vince Cable has compared Google, Amazon and Facebook to the US oil monopolies that exploited their market power more than a century ago – and called for them to be broken up. Will Democrats be bold and pledge to break up tech monopolies? “The new internet giants operate in a largely borderless world where their main source of profit is intangible intellectual property rather than measurable ‘things’. Cable also said it was time to consider whether the public should be paid for handing over their data. Facebook founder Mark Zuckerberg donned a suit and tie to face hours of questioning by US politicians.

Source: The Guardian April 19, 2018 18:10 UTC