Break up Facebook, says company's co-founder

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

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

A Facebook spokeswoman decline to comment on Hughes's latest remarks.

"He also offered an absurd misreading of Hughes' argument, boiling it down to "'big' poses a risk to society", reiterated Facebook's stance that it is "in the unusual position of asking for more regulation, not less", and offered a preview of the company's playbook for defending itself against theoretical future antitrust enforcement.

"It's been 15 years since I co-founded Facebook at Harvard, and I haven't worked at the company in a decade".

"It is hard to sustain the claim that Facebook is a monopoly", Clegg says. The founders of Instagram and WhatsApp have left, as has the executive who took over WhatsApp a year ago.

We are a large company made up of many smaller pieces.

He later cited "artistic differences" with Zuckerberg as his reason for leaving, without elaborating.

He added that "if the FTC broke up the company or if there were meaningful privacy regulation", it could potentially "bring accountability".

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Republican Sen. Ted Cruz this year retweeted Warren for the first time when the liberal Democrat was lamenting Facebook's power, and without specifically calling for action, certainly agreed with Hughes' premise that the company is controlling speech.

"When I read what he wrote, my main reaction was that what he's proposing that we do isn't going to do anything to help solve those issues", Mark Zuckerberg told France Info while in Paris yesterday. "For too long, lawmakers have marvelled at Facebook's explosive growth and overlooked their responsibility to ensure that Americans are protected and markets are competitive", Hughes said.

In fact, it could reasonably be characterised as an attempt to justify Facebook's own largesse on the grounds that only it has the scale to fix the problems it created. And today, Facebook has spread its wings far and wide, and has acquired companies like Instagram and WhatsApp, who were market leaders in their own space when they started. It seems many former Facebook executives feel the same way. Kamala Harris also said breaking up the company is something that "we have to seriously take a look at".

Facebook has already kept aside $3 billion anticipating a record fine coming from the US Federal Trade Commission (FTC) related to the Cambridge Analytica data scandal which involved 87 million users.

On Monday, Republican and Democratic US senators criticized reported plans for the settlement, calling on the FTC to impose harsher penalties and more restrictions on Facebook's business practices.

"The - your 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", said Zakaria. His diagnosis of the social media giant is simple: Facebook is too risky of a monopoly and Zuckerberg is too powerful of a boss-despite the fact that he's a kind person with all but good intentions.

In a new 5,700-word op-ed for The New York Times published on Thursday, Hughes, now heading the nonprofit Economic Security Project, provided a thorough dissection of how Facebook grew from a dorm room startup to a $500 billion company with one-third of the world's population on its platforms and why it has to be stopped.

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