Facebook Cofounder-Turned-Critic Chris Hughes Starts $10 Million ‘Anti-Monopoly’ Fund

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Facebook cofounder-turned-critic, Chris Hughes, starts $10 million 'anti-monopoly' fund that will fund organizations fighting large corporations and academics researching market power

: “We are at a pivotal moment where cultural and political momentum are aligned to rein in the unchecked behavior of Big Tech,” said Hughes said in a statement. “In addition to the necessary scrutiny of the tech industry, there is also a need and opportunity to take meaningful action on monopoly power across industries that’s led to corporate interests in the driver’s seat of our political and economic system for far too long.

: Criticism from Facebook is coming from all sides, with lawmakers from both parties spearheading efforts to investigate whether Facebook should be broken up. For his part, Zuckerberg has vehemently defended Facebook. He would fight any such effort to regulate the company.

 

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