USA lawmakers are also considering privacy legislation that would weaken companies like Facebook by reducing the amount of personal user data they control, thus reducing their value to advertisers.
Hughes said if the government insists on not breaking up or regulating the company, Facebook's monopoly will become more entrenched that competitors will have no equal opportunity to compete with Facebook for decades to come.
"Facebook accepts that with success comes accountability", Facebook Vice President of Global Affairs and Communications Nick Clegg said in response to the piece.
According to the entrepreneur, Mark Zuckerberg's personal power in the company is "staggering", with the board of directors working "more like an advisory committee than an overseer" due to Zuckerberg's control of an estimated 60 per cent voting shares.
Hughes also voiced his disappointment in himself and the initial developers of Facebook for "not thinking more about how the News Feed algorithm could change our culture, influence elections and empower nationalist leaders". "He sets the rules for how to distinguish violent and incendiary speech from the merely offensive, and he can choose to shut down a competitor by acquiring, blocking or copying it", he warned.
For one, Hughes isn't an economist or politician-but someone who helped build Facebook and knows Mark Zuckerberg personally.
Facebook rejected this argument in a statement Thursday afternoon, suggesting that regulation of the internet - as Zuckerberg called for in a March op-ed published in The Washington Post - was the only thing that would bring real accountability.
Hughes also calls for a new agency in charge of regulating technology companies, with a focus on privacy.
MA senator Elizabeth Warrenhas pledged that if she is elected president she will break up Facebook, Amazon and Google, criticizing "anti-competitive mergers" such as Facebook's acquisition of Instagram and WhatsApp in 2012 and 2014, respectively. "But I'm angry that his focus on growth led him to sacrifice security and civility for clicks", wrote Hughes, who is now co-chairman of the Economic Security Project and a senior adviser at liberal think tank the Roosevelt Institute.
Hughes co-founded Facebook in 2004 at Harvard with the company's Chief Executive Officer Zuckerberg and Dustin Moskovitz.
Hughes also called on the USA to create a government agency focused on regulating tech companies.
Zuckerberg, Hughes said, "is still the same person I watched hug his parents as they left our dorm's common room at the beginning of our sophomore year". That is exactly what Mark Zuckerberg has called for.
The company's dominance in the social media space leaves Facebook's billions of users with little alternatives.
Hughes argues that an expected $5 billion fine from the Federal Trade Commission won't be sufficient to hold the company accountable.
He said that "the way forward is to heavily scrutinize future mergers and to ensure no company has anti-competitive platform privileges".
"There is no precedent for his ability to monitor, organize and even censor the conversations of two billion people", he says.
Hughes also proposed a new government agency to protect privacy. He proposes Facebook be split into separate companies - undoing the acquisitions of Instagram and WhatsApp and banning any more acquisitions.
I reached out to Facebook to see if they had a comment, but I haven't heard back.
He says the agency should "create guidelines for acceptable speech on social media" while noting that the idea might seem "un-American" at first.
The storms are expected to hit the region between 10 a.m. and 7 p.m. bringing with them a chance for damaging straight-line wind. The Storm Prediction Center maintains a risk of a few severe storms (a MARGINAL RISK ) on Thursday.
Both parades would start in the city's Allerton suburb and end at the heart of Liverpool's World Heritage Site waterfront. Chelsea , meanwhile, hosts German side Eintracht Frankfurt at Stamford Bridge after a 1-1 first leg result on the road.
As CNN's Jeremy Herb reported, the subpoena was issued two weeks ago, and sources say the president was aware of it. President Donald Trump said on Thursday that he was "very surprised" by the subpeona for his son, Donald Trump Jr .
President Donald Trump said in a tweet that he would be 'very happy with over $100 Billion a year in Tariffs filling US coffers'. The White House statement said they also "had a working dinner with Vice Premier Liu He" who is leading the Chinese delegation.
Fourth seed Angelique Kerber withdrew after rolling her right ankle during training, sending Petra Martic into the third round. In his first match since Miami and first clay-court appearance since 2016, the Swiss dismissed Richard Gasquet , 6-2, 6-3.
The Pentagon now believes Iran's actions could put USA and coalition forces at risk in Saudi Arabia, Bahrain and Qatar. Tensions are simmering in the region amid the ongoing failing relations between Washington and Tehran.
The Queen was pictured meeting her new great-grandson Archie for the first time alongside proud new parents Meghan and Harry. An insider tells People that as the King's grandson via a son, Archie will automatically receive the title of "Prince".
What an unbelievable night - maybe the best night there has ever been here. "It really is an incredible achievement by the club". And former Arsenal manager Wenger explained the Anfield effect after Liverpool FC reached the Champions League final in Madrid.
Players will discover Auroa, a mysterious island where the most technically advanced facilities meet wild and untamed nature. If you missed it, you can get an idea of what to expect in the gameplay walkthough released after the stream ended.
The Warriors pulled off a close victory without him and now lead the Rockets, 3-2, in the Western Conference semifinals. I apologize to my mom, who is probably watching, but our guys are f*cking giants.
They put runners on first and third with one out, but Matt Barnes escaped and the game went to extra innings. The error was fixed by 9 a.m . and now correctly states just who is coming to the White House.
Taliban attack on aid group office kills 5
It comes amid the sixth round of talks between the U.S. and the Taliban in Qatar , which aim to bring an end to the 18 year war. He said the targeted organisation helped local communities, trained journalists and supported the Afghan people.
New Privacy Features From Google That’ll Change Your Daily Lives
Now, Google is aiming to narrow the revenue gap by introducing a new way for users in emerging markets to pay for apps: with cash. There are already suggested replies available in English, and Google plans to add support for other languages in the near future.
Loot Box Ban Bill To Be Introduced By US Senator Josh Hawley
Though the game is popular among adults, Hawley would likely argue that its colorful, cartoon visuals are created to target kids. The act would ban games played by children from offering items only as in-app purchases that are actually required to win.
Trump awards Tiger Presidential Medal of Freedom
Woods' mother, Kultida; his daughter, Sam Alexis; his son, Charlie Axel; and his girlfriend, Erica Hernan were all in attendance. I've battled and I've tried to hang in there and I've tried to come back and play a great game of golf again.
Entire 49ers offensive line hypes up Sharks before Game 7
The Avalanche will want to pepper San Jose goalie Martin Jones early to see how he reacts and see what his confidence level is. It should come as little surprise Pavelski was among those on the ice as the hosts tried to close it out in the final minute.