Ad Banner
News

Bill Gates not in favor of tech company breakup

Microsoft Corp. co-founder and former chief executive officer expressed his disagreement over the break up the biggest U.S. tech companies as suggested by some politicians.

In a report by Bloomberg, Gates aired his sentiments regarding the matter after the Justice Department, the Federal Trade Commission, state attorneys general and a congressional committee scrutinized Big Tech which include companies such as Alphabet Inc.‘s Google, Facebook Inc., and Amazon.com Inc. which “have gotten too big and too powerful.”

Gates said: “You have to really think; is that the best thing? If there’s a way the company’s behaving that you want to get rid of, then, you should just say, ‘Okay, that’s a banned behavior.’ But splitting the company in two, and having two people doing the bad thing– that doesn’t seem like a solution.”

“It’s a pretty narrow set of things that I think breakup is the right answer to. These companies are very big, very important companies. So the fact the governments are thinking about these things, that’s not a surprise,” Gates added.

Watch Gates’ interview here:

(Photo source: bloomberg.com/ YouTube – Bloomberg Technology)