Theodore Roosevelt, known for targeting monopolies like Standard Oil, would not break up Facebook, says CNBC's Jim Cramer
Facebook's co-founder Chris Hughes called for the company to be broken up in a New York Times op-ed Thursday, saying CEO Mark Zuckerberg's power has become too vast.
"I don't think TR would break up Facebook," Cramer said on"Squawk on the Street," referring to former President Theodore Roosevelt, whose administration was known for its strong enforcement of antitrust measures. In his op-ed, Hughes argued that Zuckerberg now has"unilateral control over speech" and the company's strategy of acquiring and copying other businesses that could potentially compete with it has kept the social media landscape free from real threats to Facebook.
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