Opinion | It’s Time to Break Up Facebook - The New York Times

It’s been 15 years since I co-founded Facebook at Harvard, and I haven’t worked at the company in a decade. But I feel a sense of anger and responsibility... Mark’s influence is staggering... his focus on growth led him to sacrifice security and civility for clicks... surrounded himself with a team that reinforces his beliefs instead of challenging them....
We already have the tools we need ... We just seem to have forgotten about them...in the 1970s, a small but dedicated group of economists, lawyers and policymakers sowed the seeds of our cynicism... to teach that private interests should take precedence over public ones... ushered in... megacorporations. In the past 20 years... average size of public companies tripled...
Facebook so dominates social networking, ... every time Facebook messes up, we repeat: outrage, disappointment and resignation... during the annus horribilis of 2018, Facebook’s earnings per share increased 40%... when people want to quit Facebook, they don’t have any meaningful alternative...
competitors can’t raise the money to take on Facebook. Investors realize that if a company gets traction, Facebook will copy its innovations, shut it down or acquire it... there’s less chance of start-ups developing healthier, less exploitative social media platforms... less accountability on issues like privacy... users can’t protest by moving to alternative platforms...
Facebook should be separated into multiple companies... undoing the Instagram and WhatsApp acquisitions ... We need a new agency... to regulate tech companies. Its first mandate should be to protect privacy.... create guidelines for acceptable speech...we already have limits on yelling “fire” in a crowded theater, child pornography...