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Facebook Co-founder Says Zuckerberg 'Not Accountable,' Calls For Government Break Up

Thursday May 9, 2019. 04:12 PM , from Slashdot
Chris Hughes helped Mark Zuckerberg transform Facebook from a dorm-room project into a real business. Now, he's calling for the company to be broken up. From a report: 'The Facebook that exists today is not the Facebook that we founded in 2004,' Chris Hughes, who started Facebook with Mark Zuckerberg in their Harvard dorm, told NBC News following the publication of his op-ed article on the same topic. 'And the one that we have today I think is far too big. It's far too powerful. And most importantly, its CEO, Mark Zuckerberg, is not accountable,' Hughes said of his former business partner, whom he still called a 'friend.' 'I have been friends with Mark and a lot of the other folks at Facebook for a long time. And you know, who knows? We may still be friends, we may not be friends. There are some kinds of friends that you can have disagreements with. And then there are some friends that you can't,' Hughes said.

According to CNBC estimates, Zuckerberg and a small group of insiders control almost 70 percent of all voting shares in Facebook. Zuckerberg personally controls nearly 60 percent. If he quit as CEO tomorrow, he would still control the company through his stock ownership. But Hughes said there's one power Zuckerberg won't exercise. 'I don't think that Mark Zuckerberg can fix Facebook,' Hughes said. 'I think only government can -- by making the market more competitive, by breaking it up, and by creating these privacy restrictions.' Hughes called for the government to step in and take several drastic actions: First, reversing the mergers with Instagram and WhatsApp, which he said the FTC 'incorrectly approved,' spinning them out as private companies that would compete with Facebook. Second, creating a new agency to regulate technology in addition to the FTC.

Read more of this story at Slashdot.
rss.slashdot.org/~r/Slashdot/slashdot/~3/w-EyxsTsMuE/facebook-co-founder-says-zuckerberg-not-account...
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