In 2019, Co-Founder of Facebook Chris Hughes has spoken about Facebook in his interview. Chris said It’s been 15 years since I co-founded Facebook with Mark at Harvard, and It’s been a decade I haven’t worked at the Company. I feel a sense of anger and responsibility.
For Mark Zuckerberg he said, Mark is still the same person. He is the same person who procrastinated studying for tests and slept on a mattress in a small apartment.
Mark’s influence is unbelievable, it’s far beyond that of anyone else in the private sector or in government. He is the owner of the top three mostly using communication platforms – Facebook, Instagram, and WhatsApp. Billions of people use these platforms every day.
Facebook is Dominating the Market
Chris said Facebook’s board works more like an advisory committee than an overseer because around 60 percent of the voting share is controlled by Mark.
He has the power to decide how to configure Facebook’s algorithms to determine what people see in their News Feeds, what privacy settings they can use, and even which messages get delivered. It’s Mark who sets the rules for how to distinguish violent and provocative speech from the merely offensive, and also, he can choose to shut down a competitor by acquiring, blocking, or copying it.
He also added I’m angry that his focus on growth led him to sacrifice security and civility for clicks. I’m disappointed in myself and the early Facebook team for not thinking more about how the News Feed algorithm could change our culture, influence elections, and empower nationalist leaders.
We are a nation with a tradition of reining in monopolies, no matter how well-intentioned the leaders of these companies may be. Mark’s power is unprecedented and un-American.
It is time to break up Facebook.
We need to check the domination of Facebook. Eclipsing all of its rivals and erasing competition from the social networking category, it is becoming a powerful monopoly.
Instagram and WhatsApp were incredibly popular but now the founders of these two platforms have left the company after clashing with Mark over his management of their platforms. If it hasn’t acquired its way to dominance, Facebook has used its monopoly position to shut out competing companies or has copied its technology.
Snapchat posted a different threat. As its Stories and ephemeral messaging options made it an attractive alternative to Facebook and Instagram. And it wasn’t interlinking with the Facebook ecosystem, so there was no obvious way to handicap the company or shut it out. So Facebook simply copied it.
US Government wants to break up Facebook.
Now the latest news is coming out that the US government wants to break up Facebook. Recently the government of the US filed a ground-breaking antitrust legal action against Facebook, they are seeking to break up the corporation for monopolistic practices.
The evidence against Facebook seems overwhelming, with enforcers pointing to internal email conversations in which the CEO, Mark Zuckerberg, and his colleagues allegedly conspired to monopolize the social media space by buying and shutting down the competitors.
Looks like everything that was said by Chris in his interview is turning into reality. The news articles covering the case describe it as ‘far from a slam dunk’. And competition law experts predict that enforcers will “face an uphill battle’’ in proving their claims.
But it is necessary to take legal action on this not only Facebook, Google is also doing the same thing. It is an encouraging move that the government is seeking to break up Google and Facebook.