Facebook is facing a host of problems at the moment, including FTC’s $5 billion fine and further restrictions regarding stricter privacy policies from the trade commission amongst other impending cases. Facebook has to gear up for yet another problem – its co-founder Chris Hughes.
Chris Hughes, who started Facebook with Mark Zuckerberg in Harvard’s dorm room, has launched a campaign to break up the social media platform. Hughes, along with his collaborators, is frequently visiting lawmakers at the Justice Department to launch a formal legal case for dismantling Facebook.
A WSJ’s report says that he has prepared a 39-page slide deck highlighting the anti-trust cases the company has faced over the decade. The case rests on the argument that Facebook has amassed a colossal power by acquiring its competitors and thus squashing the competition altogether.
During an interview on Thursday, Hughes said: “I hope that my speaking out provides cover to a lot of other folks, whether former employees or current ones, to express ambivalence or concern about what’s going on. And I think there’s a lot to be concerned about.”
Chris Hughes became a leading anti-Facebook activist after he published a widely read op-ed in the New York Times calling for the break up of the company.
The fruit of Hughes’ efforts is what remains to be seen. He isn’t the only person supporting the break up of the tech giant. Several other popular names, including politician Elizabeth Warren who put a billboard in Silicon Valley regarding the issue, have echoed the same thoughts.
What are your thoughts about breaking up Facebook? Tell us in the comments.
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