chris hughes
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Facebook says it needs more regulation, not a breakup
Facebook wasn't content offering a brief statement rejecting co-founder Chris Hughes' call to break up the social network. Global Affairs and Communications VP Nick Clegg has published an opinion piece in the New York Times criticizing Hughes' argument and reiterating the company's desire for more regulation instead. When Hughes said that politicians ignored their responsibility to ensure competition, Clegg argued, he supposedly "misunderstood" both Facebook and the goals of competition law.
Facebook co-founder urges FTC to break up the company
Facebook co-founder Chris Hughes has joined the chorus of prominent voices calling for regulators to break up the social networking colossus. In a New York Times op-ed, he wrote that his college roommate and Facebook CEO Mark Zuckerberg had "unchecked power" and that his "influence is staggering, far beyond that of anyone else in the private sector or in government."
