Facebook’s co-founder Chris Hughes calls for break-up of the company

Lloyd Doyle
May 14, 2019

That is at the heart of what Facebook co-founder Chris Hughes had to say in a long open that was published Thursday by the New York Times.

"Hughes also known as a new national agency to regulate tech firms whose" first mandate is to safeguard privacy". I'm disappointed in myself and the early Facebook team for not thinking more about how the News Feed algorithm could change our culture, influence elections and empower nationalist leaders.

Hughes co-founded Facebook in 2004 at Harvard with Zuckerberg and Dustin Moskovitz.

The US Senate Banking Committee has sent an open letter to Facebook CEO Mark Zuckerberg asking him to share the details of Project Libra, Facebook's cryptocurrency project.

Putting forward the argument that the company has gotten too big for its own good, he contends that Facebook, Whatsapp, and Instagram should be three separate public companies.

Hughes while penning down his views about the CEO of Facebook said that though he is a good man but due to his huge influence on the company, he can not be questioned by it, therefore, the government should take action against him.

Hughes had noted in his column that one of the things that woke him up to the notion that Facebook had gotten too powerful was the 2016 election, wherein Russian government-backed trolls created mountains of fake content for Facebook in an effort to disrupt the electoral process. "New rules or unwinding Facebook may not really have a lasting impact unless there is real government oversight of such entities".

Mark Zuckerberg also responded saying that Hughes recommendations are not the solution to problems faced by the company.

"Mr. Hughes is right that companies should be held accountable for their actions", Clegg says in the Saturday editorial.

Many observers already expect the Federal Trade Commission to slap the company with a fine of as much as $5 billion as part of a settlement over revelations that it let Cambridge Analytica obtain data on millions of Facebook users without consent. He said in an interview that Mark's personal reputation and the reputation of Facebook have taken a downfall. In the end people did not leave the company's platforms en masse. The founders of Instagram and WhatsApp have left, as has the executive who took over WhatsApp previous year.

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. Hughes implied social media sites are just as essential to Americans as smart phones, but unlike that market, Facebook doesn't have enough competition.

The back-and-forth opinion pieces come as Facebook is being called out by critics for not doing enough to combat election meddling, misinformation and hate speech.

Other reports by Iphone Fresh

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