Facebook Co-Founder Chris Hughes Calls for Break Up

The transcript discusses Chris Hughes' editorial advocating for the breakup of Facebook due to its monopolistic power. It explores the legal challenges and feasibility of such actions under current antitrust laws, highlighting the roles of the FTC and DOJ. The discussion also covers the difficulty of reversing Facebook's acquisitions of Instagram and WhatsApp, and the challenges in proving anticompetitive conduct without new legislation.

What is the main argument presented by Chris Hughes in his editorial?

• Facebook should focus on global expansion.

• Facebook should acquire more companies.

• Facebook's power is beneficial for innovation.

• Facebook should be broken up due to its monopolistic power.

What is required for the FTC and DOJ to break up a company like Facebook?

• A unanimous decision by the company's board.

• Approval from the President.

• A new law passed by Congress.

• A court ruling in their favor.

What is a major challenge faced by the FTC and DOJ in antitrust cases?

• Opposition from international regulators.

• Sympathetic courts towards big businesses.

• Lack of public support.

• Insufficient funding.

What does Chris Hughes suggest about Facebook's acquisitions of Instagram and WhatsApp?

• They should be integrated more closely.

• They should be reversed.

• They should be expanded further.

• They should be sold to other companies.

What is necessary to challenge Facebook's past acquisitions legally?

• A new CEO for Facebook.

• Support from international bodies.

• Evidence of anticompetitive effects.

• A public referendum.