The US administration is trying to break Zuckerberg's Facebook 'empire' - WEBMULTICHANNEL

Header Ads

The US administration is trying to break Zuckerberg's Facebook 'empire'

                              




The bomb was detonated last year by Facebook co-founder Chris Hughes. In an interview with The New York Times, he claimed: Mark Zuckerberg and the current Facebook authorities have been taking a dishonest path in the past years in the interest of business growth. Now is the time for regulators to break up Facebook.


The United States government took the first step in that direction on Wednesday. Zuckerberg's son-in-law's company has long been a source of frustration for the US over its excessive "monopoly power" and unethical conduct of its business. For more than a decade, the file of allegations had been on the administration table. In the end, the US Federal Trade Commission (FTC) sought to cut back on companies by amending the law altogether. FTC authorities and 48 of the 50 U.S. states have filed lawsuits against Facebook authorities, alleging that Zuckerberg and his entourage had left two avenues open to small companies to impose unrestricted monopolies on social media, either by selling their company Facebook for as much as they wanted. . Or jump and see your way from the market. Against which the US administration must take immediate legal action.

Zuckerberg's only "praise" is that he is not the first major corporate authority to make such allegations. The U.S. Department of Justice has filed a similar lawsuit against Alphabet Inc., Google's owner, earlier this year. The US Congress recently summoned the chief executives of Google, Facebook, Amazon and Apple. To answer for the allegations of business conduct against them in an exclusive and unethical manner. There, lawmakers from both Democrats and Republicans face sharp questions from key executives at Google, Facebook, Amazon and Apple. It was one of the few Democrat-Republican lawmakers in President Trump's time to speak out. From that source, this time Google-Facebook may be broken by amending the law in the United States.


Democrat David Cecilia, chairman of the House Judiciary Anti-Trust subcommittee of the Marking Congress, said the subcommittee would recommend repealing the country's anti-trust law, which seeks to dismantle the country's giant technology companies. Cecilin said similar measures could be taken in the case of tech companies, just as the Glass-Stigal Act of 1933 forced commercial and investment banks to separate.

The Democrat MP claimed, "Our investigation has revealed that these giant organizations are deliberately violating the country's competition laws." Gradually abusing their 'gatekeeper' power, demanding exorbitant fees, forcing them to sign repressive agreements. Companies are either eliminating potential competitors in order to maintain their power, or they are either copying them or buying them for money.


That's how Facebook bought Instagram for  1 billion in 2012 and WhatsApp for ২ 22 billion in 2014, according to US administrators and the FTC. Now they are in favor of separating these two companies from Facebook. If that happens, the Zuckerberg empire will begin to decline in technology, experts say. Because the advertising revenue from Facebook has decreased a lot, now the Facebook authorities have to rely on Instagram and WhatsApp for revenue. In the same way, with the purchase of 'Giffy', this time the finger has started pointing at Zuckerberg. However, Zuckerberg said in a blog post sent by staff on Wednesday that authorities are planning to launch a new e-commerce platform based on Instagram and WhatsApp.

No comments

Theme images by 5ugarless. Powered by Blogger.