"Tax us more!" was the message on Monday from about 20 super wealthy Americans who urged presidential candidates to back higher taxes on the wealthiest to confront climate change and other priorities.

"America has a moral, ethical and economic responsibility to tax our wealth more," said the group, which included George Soros, Facebook co-founder Chris Hughes, descendants of Walt Disney and the owners of the Hyatt hotel chain.

"A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms. Instituting a wealth tax is in the interest of our republic."

Signers pointed out that fellow billionaire Warren Buffett has said he is taxed at a lower rate than his secretary.

The letter alluded to support among Democratic presidential candidates for higher taxes on the super-wealthy, including Pete Buttigieg and Beto O'Rourke.

But the letter noted broad bipartisan support for taxing the super-wealthy, saying "some ideas are too important for America to be part of only a few candidates' platforms."

It praised a proposal by Senator Elizabeth Warren that would lift taxes on those with more than $50 million in taxes, a measure expected to affect the 75,000 wealthiest families.

The letter was signed by 18 people representing 11 families, plus one anonymous person. Many in the group have been associated with progressive initiatives on issues such as climate change and the growing wealth gap.

Of about 40 countries, the United States is the sixth highest in terms of wealth concentration, according to data from the Organization for Economic Co-operation and Development.

Taxing the super-wealthy "would slow the growing concentration of wealth that undermines the stability and integrity of our republic," the letter said.

"Today, major policies seldom come to pass without the prior support of wealthy elites or other wealthy interests. Division and dissatisfaction are exacerbated by inequality, leading to higher levels of distrust in democratic institutions - and worse."

"Tax us more!" was the message on Monday from about 20 super wealthy Americans who urged presidential candidates to back higher taxes on the wealthiest to confront climate change and other priorities.

"Tax us more!" was the message on Monday from about 20 super wealthy Americans who urged presidential candidates to back higher taxes on the wealthiest to confront climate change and other priorities. "America has a moral, ethical and economic responsibility to tax our wealth more," said the group, which included George Soros, Facebook co-founder Chris Hughes, descendants of Walt Disney and the owners of the Hyatt hotel chain. "A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms. Instituting a wealth tax is in the interest of our republic." Signers pointed out that fellow billionaire Warren Buffett has said he is taxed at a lower rate than his secretary. The letter alluded to support among Democratic presidential candidates for higher taxes on the super-wealthy, including Pete Buttigieg and Beto O'Rourke. But the letter noted broad bipartisan support for taxing the super-wealthy, saying "some ideas are too important for America to be part of only a few candidates' platforms." It praised a proposal by Senator Elizabeth Warren that would lift taxes on those with more than $50 million in taxes, a measure expected to affect the 75,000 wealthiest families. The letter was signed by 18 people representing 11 families, plus one anonymous person. Many in the group have been associated with progressive initiatives on issues such as climate change and the growing wealth gap. Of about 40 countries, the United States is the sixth highest in terms of wealth concentration, according to data from the Organization for Economic Co-operation and Development. Taxing the super-wealthy "would slow the growing concentration of wealth that undermines the stability and integrity of our republic," the letter said. "Today, major policies seldom come to pass without the prior support of wealthy elites or other wealthy interests. Division and dissatisfaction are exacerbated by inequality, leading to higher levels of distrust in democratic institutions - and worse."

Tax us more, urge US super wealthy to presidential candidates

Facebook chief operating officer Sheryl Sandberg said Friday a breakup of big US technology would not address "underlying issues" facing the sector and suggested that such a move could help rivals in China.

Sandberg, interviewed on CNBC television, was asked about the<a href="https://www.wionews.com/world/facebook-rejects-co-founder-chris-hughes-call-for-breakup-senator-urges-us-antitrust-probe-217370"> latest calls to break up Facebook </a>and other major Silicon Valley firms which dominate key sectors.

"You could break us up, you could break other tech companies up, but you actually don't address the underlying issues people are concerned about,” Sandberg said in the interview.

Sandberg said the social network used by more than two billion people was working to address concerns about election security, online violence promotion and data protection, but that a breakup might only serve to help competitors from China.

"While people are concerned with the size and power of tech companies, there's also a concern in the United States with the size and power of Chinese companies, and the realisation that those companies are not going to be broken up," she said.

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The comments come a week after one of Facebook's co-founders, Chris Hughes, said in an essay "it's time to break up Facebook," warning that it has gained too much power over what people see online.

Democratic presidential candidate Elizabeth Warren has also called for a breakup that could require Facebook to spin off its Instagram and WhatsApp units.

Sandberg maintained that Facebook's teams are working hard on safety and security issues, echoing comments since the company came under fire over a series of missteps including the leaking of data in 2016 to a consultancy working for Donald Trump.

"We know at Facebook we have a real possibility to do better and earn back people’s trust," she said.

Facebook chief executive Mark Zuckerberg said this week he was optimistic about progress toward a new regulatory framework that would apply to internet platforms.

"Overall I think in order for people to trust the internet... &nbsp;there needs to be the right regulation put in place," Zuckerberg said after meetings with French President Emmanuel Macron to discuss a report called "Creating a French Response to Make Social Media Responsible."

Facebook chief operating officer Sheryl Sandberg said Friday a breakup of big US technology would not address "underlying issues" facing the sector and suggested that such a move could help rivals in China.

Facebook chief operating officer Sheryl Sandberg said Friday a breakup of big US technology would not address "underlying issues" facing the sector and suggested that such a move could help rivals in China. Sandberg, interviewed on CNBC television, was asked about the latest calls to break up Facebook and other major Silicon Valley firms which dominate key sectors. "You could break us up, you could break other tech companies up, but you actually don't address the underlying issues people are concerned about,” Sandberg said in the interview. Sandberg said the social network used by more than two billion people was working to address concerns about election security, online violence promotion and data protection, but that a breakup might only serve to help competitors from China. "While people are concerned with the size and power of tech companies, there's also a concern in the United States with the size and power of Chinese companies, and the realisation that those companies are not going to be broken up," she said. × The comments come a week after one of Facebook's co-founders, Chris Hughes, said in an essay "it's time to break up Facebook," warning that it has gained too much power over what people see online. Democratic presidential candidate Elizabeth Warren has also called for a breakup that could require Facebook to spin off its Instagram and WhatsApp units. Sandberg maintained that Facebook's teams are working hard on safety and security issues, echoing comments since the company came under fire over a series of missteps including the leaking of data in 2016 to a consultancy working for Donald Trump. "We know at Facebook we have a real possibility to do better and earn back people’s trust," she said. Facebook chief executive Mark Zuckerberg said this week he was optimistic about progress toward a new regulatory framework that would apply to internet platforms. "Overall I think in order for people to trust the internet... there needs to be the right regulation put in place," Zuckerberg said after meetings with French President Emmanuel Macron to discuss a report called "Creating a French Response to Make Social Media Responsible."

Facebook breakup could boost China rivals: Sheryl Sandberg

Facebook Inc quickly rejected a call from co-founder Chris Hughes on Thursday to split the world's largest social media company in three, while lawmakers urged the US Justice Department to launch an antitrust investigation.

Facebook has been under scrutiny from regulators around the world over data sharing practices as well as hate speech and misinformation on its networks. Some US&nbsp;lawmakers have pushed for action to break up big tech companies as well as federal privacy regulation.

"We are a nation with a tradition of reining in monopolies, no matter how well-intentioned the leaders of these companies may be. Mark's power is unprecedented and un-American," Hughes, a former college roommate of <a href="https://www.wionews.com/world/facebook-rejects-co-founder-chris-hughes-call-for-breakup-senator-urges-us-antitrust-probe-217370">Facebook Chief Executive Mark Zuckerberg</a>, wrote in a lengthy New York Times opinion piece&nbsp;

Facebook's social network has more than 2 billion users. It also owns WhatsApp, Messenger and Instagram, each used by more than 1 billion people. Facebook bought Instagram in 2012 and WhatsApp in 2014.

Facebook rejected Hughes' call for WhatsApp and Instagram to be made into separate companies and said the focus should instead be on regulating the internet. Zuckerberg will be in Paris on Friday to discuss internet regulation with French President Emmanuel Macron.

"Facebook accepts that with success comes accountability. But you don't enforce accountability by calling for the break up of a successful American company," Facebook spokesman Nick Clegg said in a statement.

"Accountability of tech companies can only be achieved through the painstaking introduction of new rules for the internet. That is exactly what Mark Zuckerberg has called for."

Late on Thursday, Senator Mike Crapo, the Republican who chairs the banking committee and Sherrod Brown, the top Democrat, asked Facebook to answer questions about a potential cryptocurrency-based payments system using its social network and its data collection.

The letter also asked questions about consumer privacy protections and if it had information about users' creditworthiness.

The US&nbsp;Senator Richard Blumenthal, a Democrat, told CNBC he thinks Facebook should be broken up and that the Justice Department's antitrust division needs to begin an investigation.

Antitrust law makes such a proposal tough to execute because the government would have to take the company to court and win. It is rare to break up a company but not unheard of, with Standard Oil and AT&amp;T being the two biggest examples.

Sense of responsibility

Hughes co-founded Facebook in 2004 at Harvard with Zuckerberg and Dustin Moskovitz. He left Facebook in 2007, and has said in a LinkedIn post he made half a billion dollars for his three years of work.

"It's been 15 years since I co-founded Facebook at Harvard, and I haven't worked at the company in a decade. But I feel a sense of anger and responsibility," Hughes said.

Facebook lost several executives after a bruising series of privacy and disinformation scandals since 2016. The founders of Instagram and WhatsApp have left, as has the executive who took over WhatsApp last year.

Chief Product Officer Chris Cox, who had been at the company for 13 years and was one of Zuckerberg's closest lieutenants, stepped down in March around the same time Facebook announced a pivot towards more private messaging.

He later cited "artistic differences" with Zuckerberg as his reason for leaving, without elaborating.

Critics say the company's pivot to privacy, which will introduce more encrypted communications, will restrict Facebook's ability to police propaganda, hate speech and another abusive behaviour. Cox focused on improving tools to catch banned content in recent years.

Despite its scandals, the company's core business has proven resilient. Facebook has blown past earnings estimates in the past two quarters and it's stock price barely budged in response to Hughes' opinion piece.

Hughes suggested Zuckerberg should be held responsible for the privacy and other lapses at the company, echoing a call earlier this month by Democratic US&nbsp;Senator Ron Wyden to hold the CEO individually liable for "repeated violations" of privacy.

"The government must hold Mark accountable. For too long, lawmakers have marvelled at Facebook's explosive growth and overlooked their responsibility to ensure that Americans are protected and markets are competitive," Hughes said.

Lawmaker pressure

Senator Elizabeth Warren, who is seeking the Democratic nomination for the 2020 presidential election, has vowed to break up Facebook, Amazon.com Inc and Alphabet Inc's Google if elected.

"Today's big tech companies have too much power—over our economy, our society, &amp; our democracy. They've bulldozed competition, used our private info for profit, hurt small businesses &amp; stifled innovation. It's time to #BreakUpBigTech," Warren said on Twitter on Thursday.

Representative Ro Khanna, a California Democrat, said in a statement he agreed in retrospect that US&nbsp;regulators should not have approved Facebook's acquisition of Instagram and WhatsApp.

"The way forward is to heavily scrutinize future mergers and to ensure no company has anti-competitive platform privileges," Khanna said.

In one of a number of scandals to hit the company, Facebook is accused of inappropriately sharing information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica.

Facebook has been in advanced talks with the US&nbsp;Federal Trade Commission to settle a year-old investigation and said last month it expected to spend between $3 billion and $5 billion.

On Monday, Republican and Democratic US&nbsp;senators criticized reported plans for the settlement, calling on the FTC to impose harsher penalties and more restrictions on Facebook's business practices.

Hughes said he last met with Zuckerberg in the summer of 2017, several months before the Cambridge Analytica scandal broke.

"Mark is a good, kind person. But I'm angry that his focus on growth led him to sacrifice security and civility for clicks," Hughes said.

Adam Mosseri, Facebook's previous head of news feed who recently took over Instagram, responded to Hughes on Twitter.

"Regulation is important and necessary, but I'm not convinced breaking us up is the right path. Would love to chat about it if you're open," Mosseri said.

Facebook Inc quickly rejected a call from co-founder Chris Hughes on Thursday to split the world's largest social media company in three, while lawmakers urged the US Justice Department to launch an antitrust investigation.

Facebook Inc quickly rejected a call from co-founder Chris Hughes on Thursday to split the world's largest social media company in three, while lawmakers urged the US Justice Department to launch an antitrust investigation. Facebook has been under scrutiny from regulators around the world over data sharing practices as well as hate speech and misinformation on its networks. Some US lawmakers have pushed for action to break up big tech companies as well as federal privacy regulation. "We are a nation with a tradition of reining in monopolies, no matter how well-intentioned the leaders of these companies may be. Mark's power is unprecedented and un-American," Hughes, a former college roommate of Facebook Chief Executive Mark Zuckerberg, wrote in a lengthy New York Times opinion piece Facebook's social network has more than 2 billion users. It also owns WhatsApp, Messenger and Instagram, each used by more than 1 billion people. Facebook bought Instagram in 2012 and WhatsApp in 2014. Facebook rejected Hughes' call for WhatsApp and Instagram to be made into separate companies and said the focus should instead be on regulating the internet. Zuckerberg will be in Paris on Friday to discuss internet regulation with French President Emmanuel Macron. "Facebook accepts that with success comes accountability. But you don't enforce accountability by calling for the break up of a successful American company," Facebook spokesman Nick Clegg said in a statement. "Accountability of tech companies can only be achieved through the painstaking introduction of new rules for the internet. That is exactly what Mark Zuckerberg has called for." Late on Thursday, Senator Mike Crapo, the Republican who chairs the banking committee and Sherrod Brown, the top Democrat, asked Facebook to answer questions about a potential cryptocurrency-based payments system using its social network and its data collection. The letter also asked questions about consumer privacy protections and if it had information about users' creditworthiness. The US Senator Richard Blumenthal, a Democrat, told CNBC he thinks Facebook should be broken up and that the Justice Department's antitrust division needs to begin an investigation. Antitrust law makes such a proposal tough to execute because the government would have to take the company to court and win. It is rare to break up a company but not unheard of, with Standard Oil and AT&T being the two biggest examples. Sense of responsibility Hughes co-founded Facebook in 2004 at Harvard with Zuckerberg and Dustin Moskovitz. He left Facebook in 2007, and has said in a LinkedIn post he made half a billion dollars for his three years of work. "It's been 15 years since I co-founded Facebook at Harvard, and I haven't worked at the company in a decade. But I feel a sense of anger and responsibility," Hughes said. Facebook lost several executives after a bruising series of privacy and disinformation scandals since 2016. The founders of Instagram and WhatsApp have left, as has the executive who took over WhatsApp last year. Chief Product Officer Chris Cox, who had been at the company for 13 years and was one of Zuckerberg's closest lieutenants, stepped down in March around the same time Facebook announced a pivot towards more private messaging. He later cited "artistic differences" with Zuckerberg as his reason for leaving, without elaborating. Critics say the company's pivot to privacy, which will introduce more encrypted communications, will restrict Facebook's ability to police propaganda, hate speech and another abusive behaviour. Cox focused on improving tools to catch banned content in recent years. Despite its scandals, the company's core business has proven resilient. Facebook has blown past earnings estimates in the past two quarters and it's stock price barely budged in response to Hughes' opinion piece. Hughes suggested Zuckerberg should be held responsible for the privacy and other lapses at the company, echoing a call earlier this month by Democratic US Senator Ron Wyden to hold the CEO individually liable for "repeated violations" of privacy. "The government must hold Mark accountable. For too long, lawmakers have marvelled at Facebook's explosive growth and overlooked their responsibility to ensure that Americans are protected and markets are competitive," Hughes said. Lawmaker pressure Senator Elizabeth Warren, who is seeking the Democratic nomination for the 2020 presidential election, has vowed to break up Facebook, Amazon.com Inc and Alphabet Inc's Google if elected. "Today's big tech companies have too much power—over our economy, our society, & our democracy. They've bulldozed competition, used our private info for profit, hurt small businesses & stifled innovation. It's time to #BreakUpBigTech," Warren said on Twitter on Thursday. Representative Ro Khanna, a California Democrat, said in a statement he agreed in retrospect that US regulators should not have approved Facebook's acquisition of Instagram and WhatsApp. "The way forward is to heavily scrutinize future mergers and to ensure no company has anti-competitive platform privileges," Khanna said. In one of a number of scandals to hit the company, Facebook is accused of inappropriately sharing information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. Facebook has been in advanced talks with the US Federal Trade Commission to settle a year-old investigation and said last month it expected to spend between $3 billion and $5 billion. On Monday, Republican and Democratic US senators criticized reported plans for the settlement, calling on the FTC to impose harsher penalties and more restrictions on Facebook's business practices. Hughes said he last met with Zuckerberg in the summer of 2017, several months before the Cambridge Analytica scandal broke. "Mark is a good, kind person. But I'm angry that his focus on growth led him to sacrifice security and civility for clicks," Hughes said. Adam Mosseri, Facebook's previous head of news feed who recently took over Instagram, responded to Hughes on Twitter. "Regulation is important and necessary, but I'm not convinced breaking us up is the right path. Would love to chat about it if you're open," Mosseri said.

Facebook rejects co-founder call for breakup, senator urges US antitrust probe

Facebook Inc quickly rejected a <a href="https://www.wionews.com/india-news/facebook-co-founder-says-it-is-time-to-break-up-the-company-217297">call from co-founder Chris Hughes on Thursday to split </a>the world's largest social media company in three, while lawmakers urged the US Justice Department to launch an antitrust investigation.

<a href="https://www.wionews.com/world/facebook-unwittingly-auto-generating-terror-content-us-whistleblower-centre-217365">Facebook</a> has been under scrutiny from regulators around the world over data sharing practices as well as hate speech and misinformation on its networks. Some US&nbsp;lawmakers have pushed for action to break up big tech companies as well as federal privacy regulation.

"We are a nation with a tradition of reining in monopolies, no matter how well-intentioned the leaders of these companies may be. Mark's power is unprecedented and un-American," Hughes, a former college roommate of Facebook Chief Executive Mark Zuckerberg, wrote in a lengthy New York Times opinion piece.

Facebook's social network has more than 2 billion users. It also owns WhatsApp, Messenger and Instagram, each used by more than 1 billion people. Facebook bought Instagram in 2012 and WhatsApp in 2014.

Facebook rejected Hughes' call for WhatsApp and Instagram to be made into separate companies and said the focus should instead be on regulating the internet. Zuckerberg will be in Paris on Friday to discuss internet regulation with French President Emmanuel Macron.

"Facebook accepts that with success comes accountability. But you don't enforce accountability by calling for the break up of a successful American company," Facebook spokesman Nick Clegg said in a statement.

"Accountability of tech companies can only be achieved through the painstaking introduction of new rules for the internet. That is exactly what Mark Zuckerberg has called for."

Late on Thursday, Senator Mike Crapo, the Republican who chairs the banking committee and Sherrod Brown, the top Democrat, asked Facebook to answer questions about a potential cryptocurrency-based payments system using its social network and its data collection.

The letter also asked questions about consumer privacy protections and if it had information about users' creditworthiness.

U.S. Senator Richard Blumenthal, a Democrat, told CNBC he thinks Facebook should be broken up and that the Justice Department's antitrust division needs to begin an investigation.

Antitrust law makes such a proposal tough to execute because the government would have to take the company to court and win. It is rare to break up a company but not unheard of, with Standard Oil and AT&amp;T being the two biggest examples.

SENSE OF RESPONSIBILITY

Hughes co-founded Facebook in 2004 at Harvard with Zuckerberg and Dustin Moskovitz. He left Facebook in 2007, and has said in a LinkedIn post he made half a billion dollars for his three years of work.

"It's been 15 years since I co-founded Facebook at Harvard, and I haven't worked at the company in a decade. But I feel a sense of anger and responsibility," Hughes said.

Facebook lost several executives after a bruising series of privacy and disinformation scandals since 2016. The founders of Instagram and WhatsApp have left, as has the executive who took over WhatsApp last year.

Chief Product Officer Chris Cox, who had been at the company for 13 years and was one of Zuckerberg's closest lieutenants, stepped down in March around the same time Facebook announced a pivot towards more private messaging.

He later cited "artistic differences" with Zuckerberg as his reason for leaving, without elaborating.

Critics say the company's pivot to privacy, which will introduce more encrypted communications, will restrict Facebook's ability to police propaganda, hate speech and other abusive behaviours. Cox focused on improving tools to catch banned content in recent years.

Despite its scandals, the company's core business has proven resilient. Facebook has blown past earnings estimates in the past two quarters and its stock price barely budged in response to Hughes' opinion piece.

Hughes suggested Zuckerberg should be held responsible for privacy and other lapses at the company, echoing a call earlier this month by Democratic US Senator Ron Wyden to hold the CEO individually liable for "repeated violations" of privacy.

"The government must hold Mark accountable. For too long, lawmakers have marvelled at Facebook's explosive growth and overlooked their responsibility to ensure that Americans are protected and markets are competitive," Hughes said.

LAWMAKER PRESSURE

Senator Elizabeth Warren, who is seeking the Democratic nomination for the 2020 presidential election, has vowed to break up Facebook, Amazon.com Inc and Alphabet Inc's Google if elected.

"Today's big tech companies have too much power—over our economy, our society, &amp; our democracy. They've bulldozed competition, used our private info for profit, hurt small businesses &amp; stifled innovation. It's time to #BreakUpBigTech," Warren said on Twitter on Thursday.

Representative Ro Khanna, a California Democrat, said in a statement he agreed in retrospect that US regulators should not have approved Facebook's acquisition of Instagram and WhatsApp.

"The way forward is to heavily scrutinize future mergers and to ensure no company has anti-competitive platform privileges," Khanna said.

In one of a number of scandals to hit the company, Facebook is accused of inappropriately sharing information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica.

Facebook has been in advanced talks with the US&nbsp;Federal Trade Commission to settle a year-old investigation and said last month it expected to spend between $3 billion and $5 billion.

On Monday, Republican and Democratic US senators criticized reported plans for the settlement, calling on the FTC to impose harsher penalties and more restrictions on Facebook's business practices.

Hughes said he last met with Zuckerberg in the summer of 2017, several months before the Cambridge Analytica scandal broke.

"Mark is a good, kind person. But I'm angry that his focus on growth led him to sacrifice security and civility for clicks," Hughes said.

Adam Mosseri, Facebook's previous head of news feed who recently took over Instagram, responded to Hughes on Twitter.

"Regulation is important and necessary, but I'm not convinced breaking us up is the right path. Would love to chat about it if you're open," Mosseri said.

Facebook Inc quickly rejected a call from co-founder Chris Hughes on Thursday to split the world's largest social media company in three, while lawmakers urged the US Justice Department to launch an antitrust investigation. Facebook has been under scrutiny from regulators around the world over data sharing practices as well as hate speech and misinformation on its networks. Some US lawmakers have pushed for action to break up big tech companies as well as federal privacy regulation. "We are a nation with a tradition of reining in monopolies, no matter how well-intentioned the leaders of these companies may be. Mark's power is unprecedented and un-American," Hughes, a former college roommate of Facebook Chief Executive Mark Zuckerberg, wrote in a lengthy New York Times opinion piece. Facebook's social network has more than 2 billion users. It also owns WhatsApp, Messenger and Instagram, each used by more than 1 billion people. Facebook bought Instagram in 2012 and WhatsApp in 2014. Facebook rejected Hughes' call for WhatsApp and Instagram to be made into separate companies and said the focus should instead be on regulating the internet. Zuckerberg will be in Paris on Friday to discuss internet regulation with French President Emmanuel Macron. "Facebook accepts that with success comes accountability. But you don't enforce accountability by calling for the break up of a successful American company," Facebook spokesman Nick Clegg said in a statement. "Accountability of tech companies can only be achieved through the painstaking introduction of new rules for the internet. That is exactly what Mark Zuckerberg has called for." Late on Thursday, Senator Mike Crapo, the Republican who chairs the banking committee and Sherrod Brown, the top Democrat, asked Facebook to answer questions about a potential cryptocurrency-based payments system using its social network and its data collection. The letter also asked questions about consumer privacy protections and if it had information about users' creditworthiness. U.S. Senator Richard Blumenthal, a Democrat, told CNBC he thinks Facebook should be broken up and that the Justice Department's antitrust division needs to begin an investigation. Antitrust law makes such a proposal tough to execute because the government would have to take the company to court and win. It is rare to break up a company but not unheard of, with Standard Oil and AT&T being the two biggest examples. SENSE OF RESPONSIBILITY Hughes co-founded Facebook in 2004 at Harvard with Zuckerberg and Dustin Moskovitz. He left Facebook in 2007, and has said in a LinkedIn post he made half a billion dollars for his three years of work. "It's been 15 years since I co-founded Facebook at Harvard, and I haven't worked at the company in a decade. But I feel a sense of anger and responsibility," Hughes said. Facebook lost several executives after a bruising series of privacy and disinformation scandals since 2016. The founders of Instagram and WhatsApp have left, as has the executive who took over WhatsApp last year. Chief Product Officer Chris Cox, who had been at the company for 13 years and was one of Zuckerberg's closest lieutenants, stepped down in March around the same time Facebook announced a pivot towards more private messaging. He later cited "artistic differences" with Zuckerberg as his reason for leaving, without elaborating. Critics say the company's pivot to privacy, which will introduce more encrypted communications, will restrict Facebook's ability to police propaganda, hate speech and other abusive behaviours. Cox focused on improving tools to catch banned content in recent years. Despite its scandals, the company's core business has proven resilient. Facebook has blown past earnings estimates in the past two quarters and its stock price barely budged in response to Hughes' opinion piece. Hughes suggested Zuckerberg should be held responsible for privacy and other lapses at the company, echoing a call earlier this month by Democratic US Senator Ron Wyden to hold the CEO individually liable for "repeated violations" of privacy. "The government must hold Mark accountable. For too long, lawmakers have marvelled at Facebook's explosive growth and overlooked their responsibility to ensure that Americans are protected and markets are competitive," Hughes said. LAWMAKER PRESSURE Senator Elizabeth Warren, who is seeking the Democratic nomination for the 2020 presidential election, has vowed to break up Facebook, Amazon.com Inc and Alphabet Inc's Google if elected. "Today's big tech companies have too much power—over our economy, our society, & our democracy. They've bulldozed competition, used our private info for profit, hurt small businesses & stifled innovation. It's time to #BreakUpBigTech," Warren said on Twitter on Thursday. Representative Ro Khanna, a California Democrat, said in a statement he agreed in retrospect that US regulators should not have approved Facebook's acquisition of Instagram and WhatsApp. "The way forward is to heavily scrutinize future mergers and to ensure no company has anti-competitive platform privileges," Khanna said. In one of a number of scandals to hit the company, Facebook is accused of inappropriately sharing information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. Facebook has been in advanced talks with the US Federal Trade Commission to settle a year-old investigation and said last month it expected to spend between $3 billion and $5 billion. On Monday, Republican and Democratic US senators criticized reported plans for the settlement, calling on the FTC to impose harsher penalties and more restrictions on Facebook's business practices. Hughes said he last met with Zuckerberg in the summer of 2017, several months before the Cambridge Analytica scandal broke. "Mark is a good, kind person. But I'm angry that his focus on growth led him to sacrifice security and civility for clicks," Hughes said. Adam Mosseri, Facebook's previous head of news feed who recently took over Instagram, responded to Hughes on Twitter. "Regulation is important and necessary, but I'm not convinced breaking us up is the right path. Would love to chat about it if you're open," Mosseri said.

Facebook rejects co-founder Chris Hughes call for breakup, senator urges US antitrust probe

Facebook Inc co-founder and former Mark Zuckerberg roommate Chris Hughes has called for the break up of the social network in an opinion piece in the New York Times.

"We are a nation with a tradition of reining in monopolies, no matter how well-intentioned the leaders of these companies may be. Mark's power is unprecedented and un-American," Hughes wrote on Thursday.

Facebook owns the largest social network with more than 2 billion users across the world. It also owns WhatsApp, Messenger and Instagram, each used by more than 1 billion people.

Hughes co-founded Facebook in 2004 at Harvard with the company's Chief Executive Officer Zuckerberg and Dustin Moskovitz. He quit Facebook in 2007.

"It's been 15 years since I co-founded Facebook at Harvard, and I haven't worked at the company in a decade. But I feel a sense of anger and responsibility," said Hughes, who later was an online strategist for Barack Obama during the 2008 presidential campaign.

The company did not immediately respond to requests for comment.

In one of a number of security and privacy scandals to hit the company, Facebook is accused of inappropriately sharing information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica.

Hughes said he last met with Zuckerberg in the summer of 2017, several months before the Cambridge Analytica scandal broke.

"Mark is a good, kind person. But I'm angry that his focus on growth led him to sacrifice security and civility for clicks," Hughes said.

"And I'm worried that Mark has surrounded himself with a team that reinforces his beliefs instead of challenging them."

Hughes is not alone in asking for the break-up of Facebook. Some lawmakers have called for federal privacy regulation and anti-trust action to break up big tech companies.

Facebook Inc co-founder and former Mark Zuckerberg roommate Chris Hughes has called for the break up of the social network in an opinion piece in the New York Times.

Facebook Inc co-founder and former Mark Zuckerberg roommate Chris Hughes has called for the break up of the social network in an opinion piece in the New York Times. "We are a nation with a tradition of reining in monopolies, no matter how well-intentioned the leaders of these companies may be. Mark's power is unprecedented and un-American," Hughes wrote on Thursday. Facebook owns the largest social network with more than 2 billion users across the world. It also owns WhatsApp, Messenger and Instagram, each used by more than 1 billion people. Hughes co-founded Facebook in 2004 at Harvard with the company's Chief Executive Officer Zuckerberg and Dustin Moskovitz. He quit Facebook in 2007. "It's been 15 years since I co-founded Facebook at Harvard, and I haven't worked at the company in a decade. But I feel a sense of anger and responsibility," said Hughes, who later was an online strategist for Barack Obama during the 2008 presidential campaign. The company did not immediately respond to requests for comment. In one of a number of security and privacy scandals to hit the company, Facebook is accused of inappropriately sharing information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. Hughes said he last met with Zuckerberg in the summer of 2017, several months before the Cambridge Analytica scandal broke. "Mark is a good, kind person. But I'm angry that his focus on growth led him to sacrifice security and civility for clicks," Hughes said. "And I'm worried that Mark has surrounded himself with a team that reinforces his beliefs instead of challenging them." Hughes is not alone in asking for the break-up of Facebook. Some lawmakers have called for federal privacy regulation and anti-trust action to break up big tech companies.

Facebook co-founder says it is time to break up the company

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Facebook co-founder says it is time to break up the company