Facebook CEO Mark Zuckerberg Rejects Call to Break Up His Company

Ann Santiago
Мая 14, 2019

According to the Zuckerberg's long-time friend and Facebook co-founder Chris Hughes, it is time to break up Facebook.

Clegg agrees with Hughes that Facebook needs more regulation and needs to do a better overall job but breaking up the company doesn't essentially stop Russian election meddling, terrorists from broadcasting violence or white supremacists from spreading hate.

"I thought he made a very convincing case about how no one person should have that kind of power - not just one company - but a lot of these tech companies have", Buttigieg replied when reporters asked him about the Hughes op-ed in San Francisco.

Zuckerberg will no doubt be furious that Facebook's algorithms didn't warn him this was coming by monitoring Hughes' behaviour on the site closely enough. I also think he has too much power.

For the uninitiated, Social media giant, Facebook is reportedly looking for investors to support Chief Executive Officer (CEO) Mark Zuckerberg's idea of an integrated cryptocurrency payment system. "He's not really accountable to users, and thus, far he's not been accountable to government".

Zuckerberg "has created a leviathan that crowds out entrepreneurship and restricts consumer choice", wrote Hughes, who is now a member of the Economic Security Project, which is pushing for a universal basic income in the United States.

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In a video accompanying the article, Chris said the early days of Facebook spoke of a classic American story of innovation and entrepreneurship.

"Last year, Facebook asked US banks to share detailed financial information about consumers".

Hughes pointed out that over two-thirds of the 70 per cent of US adults on social media use Facebook, while a third use Instagram and a fifth use WhatsApp, while "fewer than a third report using Pinterest, LinkedIn or Snapchat". After Mark's congressional testimony a year ago, there should have been calls for him to truly reckon with his mistakes. "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 the end people did not leave the company's platforms en masse.

In one of a number of scandals to hit the company, Facebook is accused of inappropriately sharing information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. The Facebook board works more like an advisory committee than a supervisor, because Mark controls about 60 percent of the voting shares.

In plain words, Zuckerberg and his Facebook spokesman are trying to convince the public that they are capable of doing the right thing, despite the fact that their unshakeable dominance in the social media space makes it seem like they can do anything they wish.

Since Hughes' op-ed, criticism of Facebook has intensified.

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