Facebook Inc co-founder and Mark Zuckerberg's former college roommate Chris Hughes urged U.S. regulators to break up the social media company in a ...
WASHINGTON: Facebook Inc co-founder and Mark Zuckerberg's former college roommate Chris Hughes urged U.S. regulators to break up the social media company in a New York Times opinion piece on Thursday.
Hughes' criticisms of Facebook focused on its massive power over speech, and the fact that it was a tool that Russia used to manipulate U.S. voters in 2016 with false news reports. He also expressed concern that Zuckerberg had outsized power in such a dominant firm, saying:"Mark is a good, kind person. But I’m angry that his focus on growth led him to sacrifice security and civility for clicks.
In 1974, the U.S. government filed an antitrust lawsuit against AT&T Corp because it had a monopoly on telephone lines. After eight years of litigation, the two sides reached a settlement that led to AT&T giving up control of its regional operating companies, or Baby Bells. The FTC this week won a victory in trying to break up a merger of two prosthetic knee makers: Otto Bock HealthCare North America, Inc and Freedom Innovations. An administrative law judge ruled in its favor on May 6.U.S. lawmakers are also considering privacy legislation that would weaken companies like Facebook by reducing the amount of personal user data they control, thus reducing their value to advertisers.
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