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Co-founders are lobbying a number of US regulators to urge the spin-off of Facebook

via:博客园     time:2019/7/27 13:01:28     readed:212

According to foreign media reports, Facebook co-founder Chris & Middot; Chris Hughes has been in contact with regulators such as the US Department of Justice and the Federal Trade Commission (FTC) in recent weeks to lobby for Facebook.

Hughes left Facebook in 2007 to realize a stock worth nearly $500 million. According to the report, Hughes has been moving around in recent weeks, visiting the US Department of Justice, the FTC and other dozens of parliamentarians and regulators interested in investigating whether Facebook has accumulated too much power. In addition, he held talks with the staff of the Attorney General of New York.

In some of these meetings, Hughes and his collaborators presented a 39-page slide that used decades of antitrust law precedent to explain the legal reasons for the spin-off of Facebook. Hughes believes that Facebook's wealth and power, as well as its huge user base, have pushed it into a monopoly position, while the acquisition of competitors has depressed market competition.

Facebook said on Wednesday that more than 2.7 billion people use Facebook or its other platforms at least once a month, including Instagram and the instant messaging service WhatsApp.

Hughes said in an interview on Thursday: "I hope that my public speech will provide cover for many others (whether former or current) and express ambivalence or concern about what is going on. I think Facebook has a lot to focus on. ”

Hughes and Mark · Mark Zuckerberg set up Facebook in Harvard's dorms, but now Hughes has become a key weapon in antitrust and may pose a threat to tech giants such as Amazon, Apple and Google. It may lead to the introduction of new regulations by the regulatory authorities and even the spin-off of these technology giants.

On Wednesday, the US Department of Justice just announced that it will conduct a large-scale antitrust investigation against Google, Facebook, Apple and Amazon to determine whether the four technology giants are involved in anti-monopoly competition.

In fact, Hughes published an article on the New York Times website in May this year, saying that Facebook CEO Zuckerberg is irresponsible and that the government should split Facebook.

Hughes said at the time: "Today's Facebook is not the Facebook we created in 2004. I think that today's Facebook is too big and too influential. More importantly, its CEO Zuckerberg is also not responsible. ”

Hughes believes that: Zuckerberg can't fix Facebook, only the government can, by making the market more competitive, by splitting Facebook, by setting privacy restrictions. ”

Because Hughes called on government regulators to step in and take a few radical steps: First, cancel Facebook's merger with Instagram and WhatsApp to compete with Facebook. Second, in addition to FTC, a new institution should be established to supervise technology.

In addition to Hughes, more and more right-wing and left-wing privacy advocates and politicians have also called for federal antitrust actions against Facebook, including presidential candidates, Massachusetts Democratic Senator Elizabeth · and Elizabeth Warren. And Texas Republican Senator Ted · Ted Cruz.

Facebook declined to comment on Hughes’ current lobbying for regulatory reporting. (compilation / breeze)

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