Zuckerberg says Facebook would defeat break-up effort if Warren elected president

Zuckerberg says Facebook would defeat break-up effort if Warren elected president
# 01 October 2019 19:33 (UTC +04:00)

Facebook Inc (FB.O) Chief Executive Officer Mark Zuckerberg told employees in July he expected the company would face an effort to break up the world’s largest social media company if Democrat Elizabeth Warren were elected president, according to audio of two internal company meetings from July published by The Verge, APA reports citing Reuters.

“If she gets elected president, then I would bet that we will have a legal challenge and I would bet that we will win the legal challenge. And does that still suck for us? Yeah. I mean, I don’t want to have a major lawsuit against our own government,” according to audio posted by the Verge.

That brought a swift retort from Warren, who in March called for breaking up Amazon.com Inc (AMZN.O), Facebook Inc (FB.O) and Alphabet Inc (GOOGL.O).

“What would really ‘suck’ is if we don’t fix a corrupt system that lets giant companies like Facebook engage in illegal anticompetitive practices, stomp on consumer privacy rights,” Warren tweeted.

Facebook declined to comment on Tuesday.

The Federal Trade Commission (FTC) has an open antitrust investigation into Facebook and a group of state attorneys general led by New York is also investigating.

Another senior Facebook executive told Reuters earlier this month the company is confident it would defeat an effort to break-up the company.

Zuckerberg also said “breaking up these companies, whether it’s Facebook or Google or Amazon, is not actually going to solve the issues. And, you know, it doesn’t make election interference less likely. It makes it more likely because now the companies can’t coordinate and work together.”

Facebook has come under criticism for not doing more to prevent Russian interference in the 2016 U.S. presidential election.

Zuckerberg was on Capitol Hill last month for the first time since April 2018 when he testified before Congress. He also met with President Donald Trump.

He recently spurned a request to testify before a U.S. Senate panel and explained in July why he often skips public testimony.

“I’m not going to go to every single hearing around the world. A lot of different people want to do that. When the issues came up last year around Cambridge Analytica, I did hearings in the US. I did hearings in the EU. It just doesn’t really make sense for me to go to hearings in every single country that wants to have me show up,” he told employees.