"Given the constraints on market monopoly, U.S. and EU officials remain concerned about Alphabet's market influence," the proposal wrote. We believe that shareholders can benefit more from voluntary strategic downsizing than the mandatory asset sales imposed by regulators.
According to Reuters, the proposal is not actually likely to be passed because two co-founders of Alphabet, Larry Page (Larry Page) and Sergei Brin (Sergey Brin), hold 51.3 percent of shareholder voting rights.
Nevertheless, this indicates that there is growing concern about whether the government will take anti-trust actions against large technology companies such as Alphabet, Facebook and Amazon. At present, these companies have too much influence on personal privacy and all kinds of information, and are facing discontent from government departments and the public.
Earlier, President Donald Trump repeatedly said that big technology companies, including Google, Facebook and Amazon, were biased against him and collaborated with Democrats against him. He suggested that U.S. government regulators follow the European Commission's example and pay close attention to the monopoly of technology companies.
In March, Democratic Senator Elizabeth Warren (Elizabeth Warren), the general candidate for the United States, said she hoped to make major structural changes in the technology industry to boost more competition. These reforms will include the spin-off of large technology companies such as Amazon, Facebook and Google.
In addition, Tim Berners-Lee, the father of the World wide Web, said in November that Silicon Valley tech giants such as Google and Facebook have become so dominant that they may need to be split unless changes in Challenger or consumer taste can reduce their influence.
Earlier this month, Reuters quoted people familiar with the matter as saying that the U.S. Department of Justice and the Federal Trade Commission were preparing to investigate Google, Amazon, Apple and Facebook to assess whether they had abused their market position.