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Facebook Co-Founder Chris Hughes Making Efforts In Washington DC To Break Up Big Tech


Added 07-26-19 12:08:07pm EST - “Facebook cofounder Chris Hughes, who left the social media company in 2007, is making moves in Washington to regulate big tech.” - Dailycaller.com

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Posted By TheNewsCommenter: From Dailycaller.com: “Facebook Co-Founder Chris Hughes Making Efforts In Washington DC To Break Up Big Tech”. Below is an excerpt from the article.

Facebook co-founder Chris Hughes, who left the social media company in 2007, is making moves in Washington to regulate big tech.

“I hope that my speaking out provides cover to a lot of other folks, whether former employees or current ones, to express ambivalence or concern about what’s going on,” Hughes told The Washington Post Thursday. “And I think there’s a lot to be concerned about.”

Hughes, who cashed out on his stock of nearly $500 million in May, has been making the rounds in Washington, D.C., in recent weeks to discuss Facebook’s power with lawmakers, regulators, Justice Department officials and the Federal Trade Commission (FTC). (RELATED: Facebook’s Recent Algorithm Changes Are Laying Waste To Conservative And Liberal Outlets)

Chris Hughes, co-founder of Facebook, speaks at the Charles Schwab IMPACT 2010 conference in Boston, Massachusetts October 28, 2010. REUTERS/Adam Hunger

The FTC announced a new antitrust investigation into Facebook Wednesday as part of a broader antitrust review of big tech companies — specifically “market-leading online platforms” — announced Tuesday by the DOJ. The FTC’s new investigation came on the same day the social media giant paid a $5 billion settlement to the commission for violating privacy policies.

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