Earlier this week, Facebook co-founder Chris Hughes publicly called for the social media giant to be broken up because it had gotten too large and too all-encompassing. Saturday, the company responded to Hughes' message with one of its own: Size doesn't matter.
The social media company responded Saturday with a Times opinion piece of its own, penned by Facebook VP Nick Clegg, who attempted to counter what he viewed as Hughes' position that the size of a company alone makes it problematic. Clegg acknowledged in his response that"companies should be held accountable for their actions," but claimed that concerns about election interference"won’t evaporate by breaking up Facebook or any other big tech company. Fixing these problems requires significant resources — and strong new rules."
In terms of competition, Clegg argued that critics don't realize how many companies the various facets of Facebook each compete with. The Facebook op-ed also accused Hughes and other critics of misunderstanding the purpose of federal antitrust law. To bolster his contention that Facebook's size is what has allowed the company to innovate, Clegg listed a series of recent developments at the company.
Ban the Facebook
So will they break up all those national TV networks too? MarkZuckelberg