Facebook declines demand to split company


(MENAFN) Nick Clegg, Facebook's vice president for global affairs and communications declared that it's not reasonable to break down Facebook for being a "big" company when it comes to technology's influence on society.

In an opinion note released by The New York Times Saturday, Clegg declined an earlier statement by Facebook co-founder Chris Hughes, who demanded federal regulators to divide Facebook for being "a monopoly" that restraint competition and curve innovation.

Clegg added that what important is not size but rather the rights and interests of consumers when people are arguing about tech companies' responsibility and influence on society.

"Big in itself isn't bad. Success should not be penalized," according to Clegg.

"Mr. Hughes is right that companies should be held accountable for their actions, But the challenges he alludes to, including election interference and privacy safeguards, won't evaporate by breaking up Facebook or any other big tech company."

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