Facebook co-founder calls for breakup of social media giant

Facebook speaks at the Charles Schwab IMPACT 2010 conference in Boston

Warren, a Democrat, is running for president in 2020 along with a handful of other Democrats who are also hoping to knock big tech down to size. He quit Facebook in 2007 and later said in a LinkedIn post that he made $500 million for his three years of work.

Facebook co-founder Chris Hughes thrashed CEO Mark Zuckerberg Thursday and called on the federal government to break up enormous sections of the massive social media company.

Hughes states that although he believes that Facebook CEO Mark Zuckerberg is a good person, he has become increasingly anxious over decisions made by Facebook and Zuckerberg in recent years. "The most problematic aspect of Facebook's power is Mark's unilateral control over speech", Hughes wrote. "Indeed, he is meeting government leaders this week to further that work". "But I feel a sense of anger and responsibility", said Hughes, who later was an online strategist for Barack Obama during the 2008 presidential campaign.

Chris Hughes (left) and Mark Zuckerberg during the early days of what would become a social networking empire. He says that, while the Federal Trade Commission (FTC) should have blocked those big-ticket mergers in the first place, "it's not too late to act". "He sets the rules of how to distinguish violent and incendiary speech from the merely offensive", Hughes wrote, adding that Facebook's staff, himself included, should have thought more about how the News Feed algorithm could "change our culture, influence ectoplasm and empower elections and empower nationalist leaders".

He accused Facebook of acquiring or copying all of its competitors to achieve dominance in the social media field, meaning that investors were reluctant to back any rivals because they know they can not compete for long. "The company's strategy was to beat every competitor in plain view, and regulators and the government tacitly - and at times explicitly - approved". At the same time, an FTC fine levied against Facebook that could be as high as $5 billion could be coming down the pike soon. It's not that Zuckerberg is a bad person, he writes, but "he's human" and his focus on growth "led him to sacrifice security and civility for clicks". Investigators found that the company, working with a now-closed consulting business, called Cambridge Analytica, shared information about 87 million users. After Mark's congressional testimony a year ago, there should have been calls for him to truly reckon with his mistakes.

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"There is no precedent for [Zuckerberg's] ability to monitor, organize and even censor the conversations of two billion people".

Clegg, a British former deputy prime minister, reasoned that carefully crafted regulation of the internet is the way to hold technology companies accountable, and noted that Zuckerberg has been advocating for just that.

Hughes also proposed a new government agency to protect privacy. He argues that this agency should also "create guidelines for acceptable speech on social media".

Representative Ro Khanna, a California Democrat, said in a statement he agreed in retrospect that US regulators should not have approved Facebook's acquisition of Instagram and WhatsApp.

The company has been rocked by a series of scandals recently, including allowing its users' data to be harvested by research companies and its slow response to Russian Federation using Facebook as a means to spread disinformation during the 2016 United States election campaign. "No one knows exactly what Facebook's competitors would offer to differentiate themselves".

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