5 years ago
Facebook Argues Against Breaking Up Facebook
On Thursday, Facebook co-founder Chris Hughes penned an editorial in the New York Times calling for the company to be broken up, its subsidiaries Instagram and WhatsApp spun off, and future acquisitions banned for several years. Hughes argued that Facebook, and by extension its all-powerful CEO Mark Zuckerberg, suppresses competition by “acquiring, blocking or copying” it, has sweeping power over speech, and is so big it can ignore virtually all forms of external accountability. He also called for the formation of an independent government agency to regulate tech companies.
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