The US government should not break up Facebook because it would not address the real issues people face in the age of social media, according to CEO and founder Mark Zuckerberg, a man currently worth an estimated $ 71.5 billion precisely because the social media company is so big.
Zuckerberg appeared at the Aspen Ideas Festival yesterday for an interview with Professor Cass Sunstein at Harvard Law School, where he posted the case to the politicians like Elizabeth Warren saying that tech giants like Facebook are too big. Sunstein mentioned to Zuckerberg that one of the Facebook founder's friends had recently requested that the company be broken up in several units, but Zuck did not.
"I do not agree with the one," Zuckerberg said to laugh in the audience.
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Read more Read  "Look, I think it's big social problems, right?" Zuck continued. "I believe that election integrity is a very critical, removing harmful content and managing what's important, we talked about it. Privacy is important, and of course, ensuring innovation and competition and research is important too."
"The question I believe We have to intervene is that breaking up these companies would not do any of these problems better, "Zuckerberg said. "Not true? So the ability to work with election or content systems … We have an ability, now that we are a successful company and we are big, to build systems that I believe are second to none."  "The systems are in many cases more sophisticated than any many governments have," Zuckerberg continued without explaining exactly what he meant by it. "And we can build it once, and we can apply it to Facebook, Instagram, WhatsApp and Messenger."
The only problem with Zuckerberg's argument? Facebook is pretty bad at distributing systems that help solve today's problems. The only thing that Facebook seems to be good at is to create promotional events that make it look like it does something. And it's much easier to set up a "war room" with people staring at screenshots than it is to actually address things like foreign interference election interference. Especially when you don't even let journalists talk to anyone in your so-called war room.
"I can get why say you want to break up the company feels nice, right?" Zuckerberg said later. "It's as if there are problems … let's just take a big hammer and do it, but I just think the reality is that we want to be …. we want to make sure the things we actually do solve the problems . "
Zuckerberg defended Facebook's gobbling of competitor services such as Instagram and WhatsApp, claiming that his acquisition actually increased the competition. Facebook bought Instagram for $ 1 billion in 2012 and WhatsApp for $ 19 billion in 2014.
"Yes, some mergers can be bad for innovation. These were not," Zuckerberg said while discussing the purchase of Instagram and WhatsApp in particular. "I think it would be very difficult to make the case that any kind of innovation or competition in the broader ecosystem was reduced due to the work and innovation that we have included in this."
The whole conversation from Aspen Ideas Festival is available on YouTube. But if it sounds too boring to you, let me suggest another Zuckerberg video that is much more interesting.