When Facebook CEO Mark Zuckerberg ‘predicted’ breakup of the company in 2018
Facebook co-founder Mark Zuckerberg, in an email in 2018, informed senior leaders that the company was currently on a successful five-year path. However, he also acknowledged the possibility of a regulatory-driven breakup of the tech sector, while maintaining an optimistic view even if this were to occur, as per the emails presented by the Federal Trade Commission (FTC) during the recent antitrust trial hearing in a Washington federal court.
“While we believe our current trajectory will yield strong business growth over the next 5 years, I worry it will also undermine our global network, erode our corporate brand, impose an increasingly large strategy tax on all of our work, and then over time we may face antitrust regulation requiring us to spin out other apps anyway,” Zuckerberg wrote in a 2018 email to top Facebook executives, as per Business Insider.