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Elizabeth Warren's proposal to break up big tech shouldn't shake Amazon shareholders a?? yet (AMZN)

Elizabeth Warren's proposal to break up big tech shouldn't shake Amazon shareholders a?? yet (AMZN)
REUTERS/Joshua Roberts



Sen. Elizabeth Warren, the Massachusetts Democrat and presidential candidate, proposed on Friday a plan to break up big tech companies like Amazon, Facebook, and Alphabet's Google.




The plan doesn't appear to immediately threaten Amazon, said Eric Sheridan, an analyst at UBS, who spoke with Markets Insider on Friday.




Still, regulation is the top concern he discusses with investors, as far as challenges facing large-cap tech names.




Watch Amazon trade in real-time.




Sen. Elizabeth Warren, the Massachusetts Democrat and 2020 presidential contender, announced on Friday a plan to break up big tech companies she argues have grown too big.
"Today's big tech companies have too much powera?? — a??too much power over our economy, our society, and our democracy," Warren wrote before the stock market opened. "They've bulldozed competition, used our private information for profit, and tilted the playing field against everyone else. And in the process, they have hurt small businesses and stifled innovation."
Warren's plan named Amazon, Facebook, and Alphabet's Google, and would force the rollback of some of their acquisitions, like Facebook's WhatsApp and Instagram, Amazon's Whole Foods, and Google's Waze.
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