Break Up Facebook
Pressure is building to treat the social network like a monopoly after founder tells government to break it up
Since the 2016 election, UCOMM has been saying that Facebook is too powerful and that they have grown into a monopoly. As you will read below, one of Facebook’s co-founder’s agrees with us saying in an op-ed that Zuckerberg’s power is “unprecedented and un-American.” He goes on to say that the company is a monopoly who has “sacrificed security and civility for clicks.” We couldn’t agree more! Just like the anti-trust movement that broke up the railroad and mining monopolies, the government needs to step in before Facebook becomes “too big to fail.” In fact last week we released a list of the Dirty Dozen worst employers and Facebook was one of them.
A second report, we have included below may indicate that the government is finally willing to take action. Federal privacy regulators at the Federal Trade Commission (FTC) are looking to issue fines for the social media giants failure to abide by a 2011 privacy agreement. It’s about time that some action is taken against Facebook before they give us another four years of Trump.
Read both stories from the AP below.
Facebook co-founder Chris Hughes says it’s time to break up the social media behemoth.
In a New York Times opinion piece published Thursday, Hughes said CEO Mark Zuckerberg has turned Facebook into an innovation-suffocating monopoly.
Hughes called Zuckerberg’s power “unprecedented and un-American” and said his co-founder’s focus on growth “led him to sacrifice security and civility for clicks.”
Hughes roomed with Zuckerberg at Harvard and left Facebook in 2007 to campaign for Barack Obama. Hughes said he no longer has any ownership in Facebook or any other social media company.
Federal privacy regulators are under scrutiny in Congress as they negotiate a record fine with Facebook to punish the company for alleged user-privacy violations.
Eyes are on the Federal Trade Commission as it also considers a rare action holding CEO Mark Zuckerberg personally accountable for Facebook’s failure to honor a 2011 agreement over privacy lapses. The agency also may limit how the giant social network targets advertising to its massive user base.
Beyond a fine, which is expected to run as much as $5 billion, comprehensive action by the FTC could mark a watershed in government action against the tech industry to protect consumer privacy.
FTC Chairman Joseph Simons and his four fellow commission members will appear before a House committee at a hearing Wednesday.