ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Samco Acers
  • Samco Mission Ace The Index
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

It is time to break up Facebook: Company's Co-founder

It is time to break up Facebook -- mired in several data scandals and privacy violation cases -- as Mark Zuckerberg has yielded "unchecked power" and influence "far beyond that of anyone else in the private sector or in government", the social network giant`s Co-founder Chris Hughes has stressed. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
It is time to break up Facebook: Company's Co-founder
Embroiled in users` data scandals, Facebook is set to create new privacy positions within the company that would include a committee. Reuters

It is time to break up Facebook -- mired in several data scandals and privacy violation cases -- as Mark Zuckerberg has yielded "unchecked power" and influence "far beyond that of anyone else in the private sector or in government", the social network giant`s Co-founder Chris Hughes has stressed. In an opinion piece in The New York Times on Thursday, Hughes said the government must hold Mark (Zuckerberg) accountable. "Mark`s personal reputation and the reputation of Facebook have taken a nose-dive.

"The company`s mistakes ? the sloppy privacy practices that dropped tens of millions of users` data into a political consulting firm`s lap; the slow response to Russian agents, violent rhetoric and fake news; and the unbounded drive to capture ever more of our time and attention ? dominate the headlines," wrote Hughes who, during his freshman year at Harvard University in 2002, was recruited by Zuckerberg for Facebook.

"Mark is a good, kind person. But I`m angry that his focus on growth led him to sacrifice security and civility for clicks," Hughes argued. "I`m disappointed in myself and the early Facebook team for not thinking more about how the News Feed algorithm could change our culture, influence elections and empower nationalist leaders. "And I`m worried that Mark has surrounded himself with a team that reinforces his beliefs instead of challenging them," Hughes added. 

Embroiled in users` data scandals, Facebook is set to create new privacy positions within the company that would include a committee, and external evaluator and a chief compliance officer, an NYT report said earlier this month. Facebook has already kept aside $3 billion, anticipating a record fine coming from the US Federal Trade Commission (FTC) related to the Cambridge Analytica data scandal that involved 87 million users.

"We are a nation with a tradition of reining in monopolies, no matter how well intentioned the leaders of these companies may be. Mark`s power is unprecedented and un-American. "It is time to break up Facebook," added Hughes who currently works as Co-chairman of the Economic Security Project and senior adviser at the Roosevelt Institute. Realising his mistakes, Zuckerberg has said gaining users` trust is now his top agenda. "I know we don`t exactly have the strongest reputation on privacy right now. I am committed to doing this well.

"This is a fundamental shift in how we build products and run our company," the Facebook CEO said this month. The Facebook case is being looked at as a measure of the Donald Trump administration`s willingness to regulate US tech companies.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Facebook
Written By: IANS
Updated: Thu, May 09, 2019
11:12 pm
New Delhi, IANS
RELATED NEWS
Facebook took action against 41% individual complaints, Instagram resolves 54% Facebook took action against 41% individual complaints, Instagram resolves 54%
US school system sues Meta, Google, Snap over mental crisis among students US school system sues Meta, Google, Snap over mental crisis among students
Meta plans to launch microblogging site by June-end: Sources Meta plans to launch microblogging site by June-end: Sources
Quest 3 unveiled by Meta ahead of Apple's VR debut Quest 3 unveiled by Meta ahead of Apple's VR debut
Meta hit with record 1.2 billion euro fine over EU data rules Meta hit with record 1.2 billion euro fine over EU data rules

LATEST NEWS

Realme 11 Pro+ Vs. Motorola Edge 40 Vs. Redmi Note 12 Pro+: How They Stack Up

Indian startup layoffs: Amid all the gloom, there is a silver lining

Netflix, Amazon, Disney-backed group protests India's tobacco rules

Maruti Suzuki launches Alto K10-based Tour H1 in India - Check ex-showroom price, features, variant and other details

Rs 5,551 crore FEMA violation: ED issues show-cause notices to Xiaomi, CFO Sameer Rao, former MD Manu Jain and 3 foreign banks

IND vs AUS WTC Final, Day 4 FREE Live Streaming: When and Where to watch India vs Australia Live Streaming online, Apps and TV Channel details

Dhanbad illegal mine collapse: DC sets up committee to probe incident

ICMR says 100 million plus in India now diabetic, 315 million suffer from hypertension

No checks and balances? SEBI requires ‘Separation of Powers’

Tata Power shares surge after company gets new project from Tata Steel

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV