He added that Facebook has been working with United States regulators to improve its approach to privacy, and CEO Mark Zuckerberg has been meeting with French president Emmanuel Macron - claiming that Facebook is "in the unusual position of asking for more regulation, not less".
Chris Hughes, the co-founder of facebook who helped it transform from a dorm-room project into a real business, is now calling for the company to be broken up. It seems many former Facebook executives feel the same way. "You know, we invest more in safety than anyone in social media", reported TechCrunch, quoting Zuckerberg. They've been friends ever since, even after Hughes left the company 10 years ago.
"These laws, developed in the 1800s, are not meant to punish a company because people disagree with its management", wrote Clegg, who argued that antitrust law was instead intended to ensure that consumers had access to affordable, good-quality products.
Hughes stated that CEO Mark Zuckerberg's "focus on growth led him to sacrifice security and civility for clicks", and that he should be held accountable for his company's mistakes.
Facebook has often pointed to Snapchat, LinkedIn, Twitter and Tumblr as competition, however, all of those platforms have audiences a fraction the size of the Menlo Park, Calif. company that Zuckerberg founded along with Hughes.
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Facebook operates the world's largest online social network with more than 2bn users, and also owns popular photo-sharing app Instagram and messaging services WhatsApp and Messenger. "And then people get outraged. He sets the rules for how to distinguish violent and incendiary speech from the merely offensive, and he can choose to shut down a competitor by acquiring, blocking, or copying it".
"He also offered an absurd misreading of Hughes' argument, boiling it down to "'big' poses a risk to society", reiterated Facebook's stance that it is "in the unusual position of asking for more regulation, not less", and offered a preview of the company's playbook for defending itself against theoretical future antitrust enforcement.
In retrospect, regulators, media and the general public have all done a poor job pushing for real changes in regard to Facebook. Hughes referred to figures from the Pew Research Center that found that a quarter of users deleted their accounts from their phones during the year leading up to June 2018, but many did so only temporarily. This was the beginning of Facebook - the top "social networking" site today. But "I don't think dismantling companies altogether is the way to deal with some of the complex issues which [Hughes] quite rightly highlighted", he said. After all, where would they go?
And it turns out that Hughes isn't alone in thinking that. Facebook has blown past earnings estimates in the past two quarters and its stock price barely budged in response to Hughes' opinion piece. After Mark's congressional testimony past year, there should have been calls for him to truly reckon with his mistakes.