Business A.M
No Result
View All Result
Wednesday, March 11, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Facebook co-founder says it is time to break-up the company

by Admin
May 9, 2019
in Frontpage
Facebook Inc co-founder and former Mark Zuckerberg roommate, Chris Hughes, has called for the break-up of the social network in an opinion piece in the New York Times.
“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,” Hughes wrote on Thursday.
Facebook owns the largest social network with more than two billion users across the world.
It also owns WhatsApp, Messenger and Instagram, each used by more than one billion people.
Hughes co-founded Facebook in 2004 at Harvard with the company’s chief executive officer Zuckerberg and Dustin Moskovitz.
He quit Facebook in 2007 and later said in a LinkedIn post that he made half a billion dollars for his three years of work.
“It’s been 15 years since I co-founded Facebook at Harvard, and I haven’t worked at the company in a decade.
But I feel a sense of anger and responsibility,” said Hughes, who later was an online strategist for Barack Obama during the 2008 presidential campaign.
The company did not immediately respond to requests for comment.
In one of a number of security and privacy scandals to hit the company, Facebook is accused of inappropriately sharing information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica.
Hughes said he last met with Zuckerberg in the summer of 2017, several months before the Cambridge Analytica scandal broke.
“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 said.
“And I’m worried that Mark has surrounded himself with a team that reinforces his beliefs instead of challenging them.”
Hughes is not alone in asking for the break-up of Facebook.
Some lawmakers have called for federal privacy regulation and anti-trust action to break up big tech companies.
Democratic presidential candidate, Sen. Elizabeth Warren in March vowed to break up Facebook, Amazon.com Inc and Alphabet Inc’s Google if elected U.S. president to promote competition in the tech sector.
Admin
Admin
Previous Post

Unilever shareholders applaud 2018 performance, N1.50 dividend 

Next Post

FG inaugurates NBS board, warns against unnecessary interference

Next Post

FG inaugurates NBS board, warns against unnecessary interference

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria’s non-oil export earnings jump to N12.36trn amid diversification drive

Nigeria’s non-oil export earnings jump to N12.36trn amid diversification drive

March 11, 2026
Oil eases on geopolitical dialogue signal

IEA mulls historic oil release to calm markets

March 11, 2026
SEC mulls phased adoption of ISSB standards to woo investors to Nigeria

SEC launches FinTech clinic to align innovation with investor protection

March 11, 2026
Otunola to lead Mexico’s first consulate presence in Lagos

Otunola to lead Mexico’s first consulate presence in Lagos

March 11, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Oyo targets 500 MW energy generation by 2027

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria’s non-oil export earnings jump to N12.36trn amid diversification drive

Nigeria’s non-oil export earnings jump to N12.36trn amid diversification drive

March 11, 2026
Oil eases on geopolitical dialogue signal

IEA mulls historic oil release to calm markets

March 11, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M