Co-founder calls for 'break up' of Facebook

Facebook co-founder says it's time to break up the company

39;Don't make me let go of this!'

Go read it now.

Don't be scared if you think the essay is too long or that you're exhausted of hearing about how bad the Cambridge Analytica scandal was. But now Hughes is speaking out against Zuckerberg and the company he helped create.

In the past 20 years, more than 75 per cent of American industries, from airlines to pharmaceuticals, have experienced increased concentration, and the average size of public companies has tripled. The results are a decline in entrepreneurship, stalled productivity growth, and higher prices and fewer choices for consumers.

Hughes says he liquidated his Facebook shares in 2012, the year he became publisher of The New Republic.

Meanwhile, Zuckerberg said in a TV interview on Friday, after meeting with France President Emmanuel Macron, that his company would work with governments to determine what content is acceptable on social-media networks.

Since WhatsApp has 1.6 billion active monthly users and Instagram has 1 billion, they'd be formidable competitors, too.

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A Facebook spokeswoman decline to comment on Hughes's latest remarks. At 23, Mark Zuckerberg became the youngest self-made billionaire.

"These laws, developed in the 1800s, are not meant to punish a company because people disagree with its management", wrote Clegg, who argued that antitrust law was instead intended to ensure that consumers had access to affordable, good-quality products.

On his Sunday program Fareed Zakaria GPS, Zakaria asked Hughes about his op-ed for the New York Times "where the biggest concern you say in the piece is the degree to which Mark Zuckerberg has nearly total control over what information we all read about, access".

"I'm disappointed in myself and the early Facebook team for not thinking more about how the News Feed algorithm could change our culture, influence elections, and empower nationalist leaders", he wrote.

Clegg acknowledged in his response that "companies should be held accountable for their actions", but claimed that concerns about election interference "won't evaporate by breaking up Facebook or any other big tech company". His involvement and stake in Facebook has also made Hughes fabulously wealthy.

Still, the 35-year-old's argument can't be ignored. "Mark's power is unprecedented and un-American", Hughes, a former college roommate of Facebook Chief Executive Mark Zuckerberg, wrote here in a lengthy New York Times opinion piece.

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Buttigieg endorsed a New York Times op-ed written by former Facebook co-founder Chris Hughes, who criticized Zuckerberg's power and called for Facebook's "monopoly" on online social media and communication to be broken up and regulated.

Facebook is pushing back against growing calls to break up the tech giant.

Facebook lost several executives after a bruising series of privacy and disinformation scandals since 2016.

But during his interview with CNN, Hughes said the company's issues run far deeper than any one scandal.

So break up Facebook.

"Just like we've done with Standard Oil, AT&T, we say, 'This is a monopoly, the market is frozen, there is no competition and there is no accountability, '" Hughes said. It happened again when Congress broke up Ma Bell.

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