In an op-ed for The New York Times’ Privacy Project, Facebook Co-Founder Chris Hughes, who left the social network's ranks a decade ago, writes that the time is now to rein in his former company and create a new standard for privacy and accountability for all big tech companies. Hughes blamed himself and those involved in Facebook's infancy for "not thinking more about how the News Feed algorithm could change our culture" but also wrote that Facebook has gone from "a project developed in our dorm room" to "a powerful monopoly, eclipsing all of its rivals and erasing competition." Hughes suggests lawmakers can reel in Facebook with stiffer penalties, which he believes should include the forfeiture of Instagram and WhatsApp on top of potential fines. Hughes wrote such penalties would "resurrect an effective competition standard" and make big tech companies "think twice about stifling competition in their own sectors." (Registration may be required to access this story.)
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