Co-founder of Facebook tells regulators why it must be dismantled

Facebook co-founder Chris Hughes has met & # 39; with government regulators to outline the cause of the antitrust case and to explain why the social network should be broken & # 39;

  • Chris Hughes, co-founder of Facebook, has met with government regulators in recent weeks to outline the cause of an antitrust case against the company
  • Hughes and two antitrust academics met with the Federal Trade Commission, the Department of Justice, and the Attorneys General
  • Hughes founded Facebook with Mark Zuckerberg at Harvard University, but left in 2007 and has since been an outspoken critic of the technology company
  • They have argued that Facebook has tried to protect its dominant position through & # 39; serial defensive acquisitions & # 39; to do
  • Facebook confirmed on Wednesday that it is under antitrust investigation by the Federal Trade Commission
  • The Ministry of Justice has also announced a broad antitrust probe from technology companies on Tuesday
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Chris Hughes, co-founder of Facebook, has met with government regulators in recent weeks to outline the cause of an antitrust case against the company

Chris Hughes, co-founder of Facebook, has met with government regulators in recent weeks to outline the cause of an antitrust case against the company

One of the founders of Facebook has met with government agencies to explain why he thinks the social network giant should be dismantled.

Chris Hughes has had meetings in recent weeks with the Federal Trade Commission, the Department of Justice and the Attorney General to investigate the cause of an antitrust case against Facebook, New York Times reports.

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He was present at the meetings by two antitrust scientists – Scott Hemphill from New York University and Tim Wu from Columbia University.

Hughes founded Facebook with Mark Zuckerberg at Harvard University, but left in 2007 and has since been an outspoken critic of the technology company.

According to slides from a presentation shown in meetings with US regulators, Hughes and the antitrust academics have claimed that Facebook has attempted to protect its dominant position through & # 39; serial defensive acquisitions & # 39; to do.

They have argued that Facebook & # 39; s purchase from other companies, including Instagram and Whatsapp, has made it possible to eradicate potential competitors and to charge advertisers more.

It is not clear what role Hughes has had in the meetings or whether he will point researchers to specific current or former employees.

Hughes founded Facebook with Mark Zuckerberg at Harvard University, but left in 2007 and has since been an outspoken critic of the technology company. They were shown in Harvard in 2014

Hughes founded Facebook with Mark Zuckerberg at Harvard University, but left in 2007 and has since been an outspoken critic of the technology company. They were shown in Harvard in 2014

Hughes founded Facebook with Mark Zuckerberg at Harvard University, but left in 2007 and has since been an outspoken critic of the technology company. They were shown in Harvard in 2014

Facebook confirmed on Wednesday that it is under antitrust investigation by the Federal Trade Commission. Zuckerberg is pictured above and testifies at a committee hearing last year
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Facebook confirmed on Wednesday that it is under antitrust investigation by the Federal Trade Commission. Zuckerberg is pictured above and testifies at a committee hearing last year

Facebook confirmed on Wednesday that it is under antitrust investigation by the Federal Trade Commission. Zuckerberg is pictured above and testifies at a committee hearing last year

The unveiling of the meetings comes after Facebook has confirmed Wednesday that it is under antitrust investigation by the Federal Trade Commission.

The company made the announcement just a few hours after the agency hit it with a record $ 5 billion fine and new surveillance of its privacy practices.

Facebook said it was aware of the FTC antitrust investigation in June.

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The Ministry of Justice has also announced a broad antitrust probe from technology companies on Tuesday.

Although that agency did not mention companies, there are already a lot of antitrust issues around Apple, Amazon, Facebook and Google.

Federal regulators are already investigating the company's privacy practices, but the antitrust issue is fumbling in the background, with critics calling for WhatsApp and Instagram to be dropped.

Hughes and Democratic presidential candidate Senator Elizabeth Warren are among those calling on the social media giant to sell Instagram, which will be released in 2012, and Whatsapp, which bought it in 2014.

Critics believe that a divorce is necessary because Facebook can crush competitors by buying them or by using its huge resources to mimic the services they offer – as it did with Snapchat, for example.

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