Facebook is calling by co-founder to break into three companies



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Sense of responsibility

Hughes co-founded Facebook in 2004 at Harvard with Zuckerberg and Dustin Moskovitz. He left Facebook in 2007, and said at a LinkedIn post that he made half a billion dollars for his three years of work.

"It was 15 years since I co-founded Facebook at Harvard, and I haven't been working in the company for a decade. But I feel a sense of anger and responsibility," he said.

Facebook lost some executives after a bruising series of privacy and disinfect scandals since 2016. Instagram and WhatsApp founders have left, as did the executive who had over whatsapp in 2018.

Chief Product Officer Chris Cox, who was in the company for 13 years and was one of Zuckerberg's closest patrons, stepped down in March about the same time Facebook announced a pivot to more private messaging.

He later cited "Artistic Differences" with Zuckerberg as his reason for leaving, without elaborating.

Critics say the company & # 39; s pivot to privacy, which will provide more encrypted communications, will restrict Facebook & # 39; Police ability to propaganda, hate speech and other abusive behavior. Cox has been focusing on improving tools to gain volume over the past few years.

Despite its scandals, the heart of the company has proven resilient. Facebook has beaten past earnings estimates in the past two quarters and its stock price barely made a pledge to US opinion piece.

For example, suggested that Zuckerberg should be held responsible for privacy and other laps in the company, sooner or later by Democratic Senator Ron Viden, calling the CEO individually liable for "repeated violations" of privacy.

"Government must keep its market accountable. Because of the long lavivators found on Facebook's explosive growth and overlooked their responsibility to ensure that Americans are protected and markets are competitive," said Yu.

Legislature pressure

Senator Elizabeth Warren, seeking the democratic nomination for the 2020 presidential election, has vowed to break Facebook, Amazon.com and Alphabet's Google if elected.

"Today's big tech companies have too much power over our economy, our company, & our democracy. Our bulldozer competition, our private information for profit, hurt small businesses & stiffened innovation. It's time to #BreakUpgettech. "She said on Thursday on Thursday.

Representative Ro Hanna, a California Democrat, said in a statement he agreed to retrospectively call it "US". There. Regulators should not have approved Facebook's acquisition of Instagram and Whatsapp.

"The way forward is to heavily scrutinize future mergers and to ensure no company has anticompetitive platform privileges," Hanna said.

In one of a number of scandals that hit the company, Facebook was accused of sharing information belonging to 87 million users with the now-defeated British political consulting firm Combit Analytica.

Facebook was in advanced talks with the US. There. Federal Trade Commission (FTC) to release a year-old investigation and said in April it was expected to spend between $ 3bn and $ 5bn.

On Monday, Republican and Democratic UN Senators criticized reported plans for the settlement, calling on the FCC to impose harder penalties and more restrictions on Facebook's business practices.

He recently met with Huqerberg in the summer of 2017, several months before the breakthrough camera analysis scandal.

"Mark is a good, individual, but I'm angry that his focus on growth has led him to offer security and security for clicks," he said.

Adam Mosery, the former head of news Fius who recently took an instigation, responded to US on Twitter.

"Regulation is important and necessary, but I'm not convinced breaking us is the right way. Would love to talk about him if you're open," he said.

Reuters

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