Break up Facebook: co-founder calls for feds to split company apart

Break up Facebook: co-founder calls for feds to split company apart

5 years ago
Anonymous $9jpehmcKty

https://www.mercurynews.com/2019/05/09/break-up-facebook-co-founder-calls-for-feds-to-split-company-apart/

Facebook co-founder Chris Hughes has added his name to the list of officials, politicians and citizens calling for the social-networking giant to be broken up due to its overwhelming size and dominance in people’s everyday lives.

In an expansive opinion piece in the New York Times, Hughes cited multiple reasons for why federal regulators should take the same approach to Facebook as that which was applied to monopolies such as Standard Oil and AT&T and split the company apart. Among those reasons Hughes mentioned were Facebook’s ownership of two other popular social-media platforms, Instagram and WhatsApp, and the fact that even though Facebook is a public company, Zuckerberg’s 60-percent ownership of the company’s voting shares leaves him with “unprecedented and un-American” power to set Facebook’s direction and policies.

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