Sheryl Sandberg has reversed claims that Facebook would be broken in the wake of a series of scandals.
Sandberg, the chief operating officer of Facebook, said in an interview with CNBC that this would be the case, would not address any of the problems that have caused widespread recoil to the social media giant.
It comes after Facebook co-founder Chris Hughes published a damning opinion in the New York Times, in which he called for the company to be split up and stated that Facebook has become a monopoly.
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Sheryl Sandberg, the chief operating officer of Facebook, said in an interview that breaking up the social media giant would not do anything about the problems that people are concerned about
& # 39; You could break us, you could break other tech companies, but you don't actually address the underlying issues that people worry about, & # 39; Sandberg told CNBC.
& # 39; They worry about election security, they worry about content, they worry about privacy and data portability. & # 39;
Instead, Sandberg reiterated what CEO Mark Zuckerberg and other Facebook executives would prefer to see happen, which is an increase in government regulation of technology companies.
& # 39; We have large teams of people in the company whose only job is to protect elections, protect content, protect privacy & # 39 ;, Sandberg told CNBC.
& # 39; But we also know that we cannot do it alone, so we ask for regulation. & # 39;
She added that Facebook has redoubled its efforts to protect user data, pointing out that each team has a dedicated group of people working on safety and security.
& # 39; We know we have a real opportunity on Facebook to do better and regain people's confidence & # 39 ;, Sandberg told CNBC.
Sandberg did not address the question of how the regulation of Facebook would look like, but Zuckerberg published an opinion in the Washington Post in March, where he voiced the need for & # 39; new rules & # 39; for internet.
He said there should be regulations for harmful content, election integrity, privacy and data portability.
However, many believe that regulation is not sufficient to limit Facebook's growing dominance and to say that antitrust actions should be considered instead.
Facebook co-founder Chris Hughes recently published a devastating opinion in the New York Times calling for the company to be split up and saying that Facebook has become a monopoly
Among those who advocate breaking up Facebook are senators Elizabeth Warren and Kamala Harris.
& # 39; I think we should take a serious look at it (destroying Facebook & # 39 ;, Harris told CNN & # 39; s Jake Tapper.
& # 39; We must recognize it for what it is. It is essentially a tool that has gone unregulated. & # 39;
FACEBOOK & # 39; S FINE $ 5 BILLION FTC
Facebook revealed in its last quarterly earnings report that it expects a one-off charge of between $ 3 billion and $ 5 billion in connection with a settlement with the Federal Trade Commission.
The FTC opened an investigation into Facebook's privacy contacts last March in response to the Cambridge Analytica scandal.
The investigation is still ongoing, which means that the terms of the settlement may change.
However, the $ 3 billion fine is still a fraction of Facebook's quarterly revenue, which grew 26 percent to $ 15.1 billion compared to the same period in 2018.
Critics have argued that Facebook should face tougher penalties in proportion to the seriousness of privacy mistakes made in the past year.
Warren has suggested canceling Facebook & # 39; s acquisitions of Instagram and WhatsApp, an argument that was repeated by Hughes in his opinion.
& # 39; Until recently, WhatsApp and Instagram were managed as independent platforms within the parent company, so that should make the process easier & # 39 ;, Hughes wrote.
& # 39; But time is essential: Facebook works quickly to integrate the three, making it harder for the FTC to split them up. & # 39;
Facebook has plans to change the messaging functions of its & # 39; family of apps & # 39; merge, including the Facebook, Messenger, Instagram and WhatsApp core app, further embedding the services.
In her argument against Facebook breaking, Sandberg said that Chinese technology companies are just as powerful as American tech giants, but they will not be broken up.
"Although people are concerned about the size and power of technology companies, there is also concern about the size and power of Chinese technology companies and the realization that those companies are not going to break," Sandberg said.
& # 39; So the question for us is how we ensure that we protect privacy, how we ensure that the correct regulatory framework is in place. & # 39;
When asked about the upcoming FTC scheme, Sandberg gave few details more than to say that the company would have the right overview & # 39 ;.
Last month, Facebook said it was expected to be hit by a one-off charge of $ 3 billion to $ 5 billion as a result of the FTC probe in the Cambridge Analytica scandal, harvesting 87 million user data and sharing it with the Trump affiliate campaign research agency.
WHAT IS THE CAMBRIDGE ANALYTICA SCANDAL?
The Cambridge Analytica communications company has offices in London, New York, Washington, but also in Brazil and Malaysia.
The company can boast of finding your voters and putting them into action through data-driven campaigns and a team that includes data scientists and behavioral psychologists.
& # 39; In the United States alone, we played a crucial role in winning presidential races and in congress and state elections, & # 39 ;, Cambridge Analytica claims on its website with data on over 230 million US voters.
The company benefited from a feature that meant that apps could request permission to access your own data, as well as the data from all your Facebook friends.
The data group suspended its chief executive, Alexander Nix (photo), after shooting him with a series of controversial claims, including the impression that Cambridge Analytica played a crucial role in the election of Donald Trump
This meant that the company could extract the information from 87 million Facebook users, although only 270,000 people gave their permission to do so.
This is designed to help them create software that can predict and influence voters' choices at the polls.
The data product suspended its president, Alexander Nix, after the recordings of him emerged making a series of controversial claims, including that Cambridge Analytica had a pivotal role in Donald Trump's election.
This information is said to have been used to support the Brexit campaign in the UK.
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