Facebook Will Not Go Down Without Giving A Tough Fight: Mark Zuckerberg

Must Read

Superstitions across different countries – An Overview

Some believe that a superstition is anything that people believe that is based on myth, magic, or irrational thoughts. They are beliefs that are steeped in lore or tradition, and it is usually difficult to pinpoint the exact origin. Here is a brief compilation of Superstitions which are prevalent across different countries.

1.5 Million Engineers Pass Out In India Every Year, Fewer Getting Hired [Trends]

Engineering colleges have been springing up like wild mushrooms in India in the last few years. Their number has...

World’s Most Popular Ad Slogans: A Brief List To Inspire With !

Advertisement plays an important role for companies as well as consumers world wide. It gives a seller an opportunity...

Facebook CEO Mark Zuckerberg makes bold and resolute claim to win any legal battles against the social media giant that could surface with the election of presidential candidate Senator Elizabeth Warren in the 2020 elections.

In light of recent controversies Facebook Inc. (NASDAQ:FB) has been under, a number of antitrust investigations have been initiated or proposed by political representatives and regulators to get to the bottom of said allegations. Zuckerberg recently refused propositions pushing for the break up of Facebook by selling off Instagram and Whatsapp, two of its most substantial acquisitions.

A leaked audio clip from a meeting in July where Zuckerberg addressed Facebook’s employees after the final settlement of the Cambridge Analytica scandal unveils that the CEO is ready to go into legal combat with Sen. Elizabeth Warren over the break up of Facebook with the decisive intention of winning.

Advertisements

In a transcription of the clip published by The Verge, which is also the network which acquired the clip, Zuckerberg is quoted saying,

“…there might be a political movement where people are angry at the tech companies … That doesn’t mean that, even if there’s anger and that you have someone like Elizabeth Warren who thinks that the right answer is to break up the companies … I mean, 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. ”

At the same time, Senator Elizabeth Warren also seems determined to mobilize a dissolution of big tech since she believes that “they have used their resources and control over the way we use the internet to squash small businesses and innovation, and substitute their own financial interest for the broader interests of the American people.” This pledge is one of the central selling points of her presidential campaign.

In an article on the Medium authored by Warren herself, she elucidates ways in which her administration plans on breaking up the big tech companies of today. Facebook isn’t the only company she has spoken out against. Breaking up Google and Amazon is also on her agenda.

At the moment, Warren’s election doesn’t seem unlikely. Many believe that she might outperform former Vice President Joe Biden to become the top candidate of the Democratic party. While her success can be attributed to an array of favourable circumstances, the growing doubt in the collective conscious regarding tech giants is definitely a contributing factor.

Advertisements

However, some experts believe that breaking up big tech would be a bad decision. There seems to be a general consensus among those opposed to this decision that the way the down scaling of big tech companies is planned on being carried out is not the right way. It seems that current antitrust laws only tackle one of the charges being made against these companies, which is stumping of competition. Issues like the privacy of user data is not, particularly, in these laws’ jurisdiction. A break up would also have severe economic repercussions. Lastly, mergers between companies are hard to undo.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

India the 3rd Worst Economically Affected Nation by Internet Shutdowns in 2019: Report

2019 saw an increasing awareness about internet shutdowns in the Indian population due to unprecedented first-hand experience...

Amazon and Flipkart Under The Lens Of Indian Authorities For Competition Squashing Activities!

The ongoing tug of war between Offline and Online retailers in India seems to be far from over. On Monday, the Competition...

Constant Internet Suspensions In India Affecting Online Transactions and Economy Adversely

In the wake of the highly controversial and prejudiced Citizenship Amendment Act and other related legal developments such as the NRC, IT...

The Current Generation Require Technology In Class To Make The Most Of Future Opportunities

Technology is the current drive for everything. It has influenced all aspects of life, including cultures. It affects the way we live,...

Reliance Jio Offers Free Calls Over WiFi: Activate It Now

Following Airtel’s launch of VoWiFi calling in December 2019, Jio has now started rolling out VoWiFi calling, as well.

UPI Scam: A Man Loses Rs. 1.01 Lakhs While Using Paytm and Google Pay

Facebook finds it itself in the middle of its first scam of the new decade and the catalyst seems to be its...

In-Depth: Dprime

YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...

Facebook Has Pulled Off A Masterstroke By Integrating Its ‘Family Of Apps’?

It’s indeed hard to believe that ONE man sitting at Menlo Park, oversees how nearly a third of the world’s population interacts with each...

Facebook’s Crunch Conquest: By Relying Largely On The US Market, Is Facebook Running a Risk?

Two billion! That's Facebook, Inc. (NASDAQ: FB) for you - Right when you thought that this social-media giant has already connected the entire world, it's...

More Articles Like This