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The Quick Facts
- Last week, an op-ed in the New York Times reignited a national conversation over whether or not Facebook is a monopoly and should be broken up.
- In the opinion piece, Chris Hughes, a Facebook co-founder, outlined his case for breaking up the social media company and explained how he believes it should be done.
- Facebook CEO Mark Zuckerberg has since responded to the article, saying: “what he’s proposing we do isn’t going to do anything to help.” Zuckerberg also argued that Facebook’s size is good when it comes to democracy and elections, stating: “you want a company like us to invest billions of dollars a year, like we are, in building up really advanced tools to fight election interference.”
- Yesterday, presidential hopeful Joe Biden indicated that he would be open to breaking up Facebook, saying that dismantling large technology companies including Facebook is “something we should take a really hard look at.”
- Biden joins a handful of Democratic presidential candidates, including Elizabeth Warren and Kamala Harris, who have pressed for greater regulation or the dismantling of big tech companies.