According to foreign media reports, Facebook CEO Mark Zuckerberg recently refuted Facebook co-founder Chris Hughes’s remarks about splitting Facebook. Hughes, along with Senator Elizabeth Warren, called on regulators to split Facebook.
More and more people are calling on regulators to split the social media company. Zuckerberg has strongly refuted this. He believes that the size of Facebook allows the company to invest billions of dollars in security every year.
“My main response is that he suggests that what we do will not help,” Zuckerberg said in an interview recently.
Hughes said in a foreign media column that he turned to split in the 2016 election and the Cambridge analyst company data scandal. However, when Zuckerberg met with French President Mark Long in France, he said that the size of Facebook is actually conducive to protecting the safety of users.
“Our security budget this year is more than the total revenue of our company when it went public at the beginning of this century,” Zuckerberg said. “This is largely because we are able to build such a successful business and can now support this expense.”
Facebook faces an increasing number of reviews from domestic and foreign regulators. After the Cambridge Analytical Company data scandal, the US Federal Trade Commission conducted a survey of the social media company to determine whether Facebook violated an agreement reached in 2011 that involved user data sharing.
Facebook recently disclosed that due to a US Federal Trade Commission investigation, the company set aside $3 billion as an expected fine, and estimated that the final amount could be as high as $5 billion.
Senator Elizabeth Warren, who is running for the 2020 Democratic presidential nominee, proposed a proposal in March to implement “structural adjustments” to the technology industry, including the splitting of Amazon, Facebook and Google.