“Mark’s power is unprecedented and un-American," Hughes wrote in an oped for New York Times, referring to CEO Mark Zuckerberg. With over 2.1 billion monthly active users, Facebook’s sway over social media is greater than any company has ever had over a market before. Should Facebook be forced to compete with smaller units hewn off from it? With a co-founder of Facebook taking a similar stance, we now have a former company insider (Hughes later left the firm) expressing anxiety over the social media behemoth’s disproportionate influence. But it would be better for the rest of us if Facebook, WhatsApp and Instagram were rival platforms.

Source: Mint May 10, 2019 13:07 UTC