Chris Hughes is the most high-profile former tech executive advocating for breaking up Big Tech. Ramin Talaie/Corbis via Getty ImagesTopline: Facebook cofounder Chris Hughes, who has called on regulators to break up Facebook before, is launching a $10 million “anti-monopoly” fund that will fund organizations fighting large corporations and academics researching market power and monopolies. Backers include high-profile philanthropy groups including the Ford Foundation, Open Society Foundations, Omidyar Network, Hewlett Foundation, Nathan Cummings Foundation, Knight Foundation, Way to Win and Justice Catalyst. Crucial quote: “We are at a pivotal moment where cultural and political momentum are aligned to rein in the unchecked behavior of Big Tech,” said Hughes said in a statement. He has since become one of the most prominent tech founders to call for breaking up Big Tech.

Source: Forbes October 17, 2019 18:24 UTC