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Former presidential candidate Andrew Yang thinks 'our government is asleep at the switch' when it comes to Big Tech

Forward Party founder and former presidential and mayoral candidate Andrew Yang joined Yahoo Finance’s Influencers with Andy Serwer to discuss Big Tech companies, governmental regulation and personal data.

Video Transcript

[MUSIC PLAYING]

ANDREW YANG: One of the cases I'm championing is that we should own our own data, which right now is getting sold and resold for over $200 billion a year, which is one reason why the Facebooks and Googles and Amazons are worth a trillion-dollars-plus in many instances. I mean, that's us. That's our data.

But our government is asleep at the switch on this set of issues. It's threatening to tear our democracy apart. It's damaging and undermining the mental health of our children. It's making it impossible to function in terms of having a set of facts that everyone agrees on.

So as usual, our government is years or decades behind the curve. If our country is going to get through this period, I think that we have to remind some of these companies that American democracy is more important than their quarterly profits.

[MUSIC PLAYING]