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Facebook a monopoly, it's time to break it up: Co-founder Chris Hughes

Hughes says Facebook is a monopoly and should be forced to spin off WhatsApp and Instagram

AP | PTI  |  San Francisco 

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Facebook

It is time to break up Facebook, says co-founder Chris Hughes

co-founder says it's time to break up the social media behemoth.

He says in a New York Times opinion piece that CEO has allowed a relentless focus on growth to crush competitors and "sacrifice security and civility for clicks." Hughes says is a and should be forced to spin off WhatsApp and Instagram. He says future acquisitions should be banned for several years Hughes roomed with Zuckerberg at and left in 2007 to campaign for

He says he liquidated his Facebook shares in 2012, the year he became publisher of The New Republic.

Last year, Hughes published a book advocating a universal basic income. In 2017, Forbes put his net worth at more than $400 million.

First Published: Thu, May 09 2019. 22:44 IST
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