Facebook co-founder Chris Hughes issued a forceful call for regulators to break up the company he helped build in a New York Times op-ed published last week.
Facebook's plans to integrate the platforms means that "time is of the essence," Hughes wrote, saying that if the plans are completed, it would be more difficult for the"I don't think these proposals were made in bad faith," Hughes said. "But I do think they're an attempt to head off the argument that regulators need to go further and break up the company. Facebook isn't afraid of a few more rules.
Democratic Sen. Richard Blumenthal echoed Hughes' call for Facebook to be broken up in an interview on CNBC's ""The acquisitions of Instagram and WhatApp need to be unwound and there needs to be Department of Justice scrutiny about appropriate antitrust remedies," said the senator from Connecticut who sits on the judiciary committee. "And let's remember, being big is not illegal.
Part of Hughes' argument is that Facebook's size and scale leaves users with few options for other social networks to turn to if they want to leave Facebook's services. If Facebook doesn't acquire a social networking company, it can just copy its features and launch them at scale before its smaller competitor has a chance to take off.
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