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Facebook co-founder Chris Hughes launches $10 million Anti-Monopoly Fund

Facebook co-founder Chris Hughes launches $10 million Anti-Monopoly Fund

18.10.2019

Facebook co-founder Chris Hughes launches $10 million Anti-Monopoly Fund

Hughes previously called for Facebook to be broken up, fearing what he called the CEO's 'unilateral control over speech.'

, will back existing and new academic research, policy and organizing work concerning market power. The project will extend its focus beyond Facebook and Big Tech to combat market dominance across industries with investments until March 2021. Partners for the initiative include the Ford Foundation, Knight Foundation and George Soros-backed Open Society Foundations, among others, according to a press release.

Hughes left the company to work for Barack Obama's 2008 presidential campaign and said in the Times piece that he liquidated his Facebook shares in 2012 and no longer owns shares of any social media company.

Read more: CNBC

It’s gonna take way more money and gumption than that💰

Facebook Cofounder-Turned-Critic Chris Hughes Starts $10 Million ‘Anti-Monopoly’ FundHughes has been an outspoken critic of Facebook , the company he helped start.

Facebook Cofounder-Turned-Critic Chris Hughes Starts $10 Million ‘Anti-Monopoly’ Fund Facebook cofounder-turned-critic, Chris Hughes, starts $10 million 'anti-monopoly' fund that will fund organizations fighting large corporations and academics researching market power

Chris Hughes makes cruel dig at ex-girlfriend Olivia AttwoodLove Island star Chris Hughes declared he has more respect for Little Mix singer Jesy Nelson than any of his previous girlfriends

Facebook Cofounder-Turned-Critic Chris Hughes Starts $10 Million ‘Anti-Monopoly’ FundHughes has been an outspoken critic of Facebook , the company he helped start.

Facebook Cofounder-Turned-Critic Chris Hughes Starts $10 Million ‘Anti-Monopoly’ Fund Facebook cofounder-turned-critic, Chris Hughes, starts $10 million 'anti-monopoly' fund that will fund organizations fighting large corporations and academics researching market power

Mark Zuckerberg says people don't want 'a world where you can only post things tech companies judge to be 100% true''I certainly worry about an erosion of truth,' the Facebook co-founder and CEO admitted. People don’t want a world with lame Facebook. That is why he's been getting all the negative publicity. He's against the online dictatorship. Wake up people! DeleteFacebookNow

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