Facebook is beginning to mount its public defense to the notion of breaking the company up, after its cofounder urged regulators to take action.
to relinquish his stranglehold on the industry and for the company to be broken up, the tech giant has responded — and, surprise, it doesn't agree.
."Accountability of tech companies can only be achieved through the painstaking introduction of new rules for the internet. That is exactly what Mark Zuckerberg has called for. Indeed, he is meeting government leaders this week to further that work.", Hughes chronicled the rise of Facebook and how his college roommate, Zuckerberg, amassed too much power, in his view, along the way.
The early co-founder is calling for a breakup of Facebook, which he says would involve spinning off its Instagram and Whatsapp acquisitions. Hughes also wants more government regulation to make Facebook more accountable to Americans, specifically regarding its privacy controls and handling of user data.
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