It's time to break up Facebook | Assignment

It's time to break up Facebook
The article mainly discusses Facebook unchecked dominance in the industry.
The writer calls for a complete break up of Facebook. The writer accounts his role in
the founding of the entity and even recalls the times he has spent with the
Facebook CEO Mark Zuckerberg. However, he is angered with how Facebook is
handling data privacy and security. The writer thinks that Mark's influence has
grown beyond how it's supposed to be, both in the private sector and influence on
the government. The writer notes that Facebook domination has not happened
through an accident.
On the contrary, Mark had the vision of domination from the beginning. The
writer thinks that the government and the world are turning a blind eye and a deaf
ear into the issue of Facebook domination. He even goes further to suggest that
Facebook competitors would be able to gang up and raise enough money to take on
Facebook (Hughes, 2019).
The writer expresses his anger by further explaining that everyone who uses
Facebook pays dearly by purchasing data bundles or the attention they give to the
site. The writer offers a clarion call to the authorities both the local and the Federal
Government to aid in coming up with policies, rules and regulations that could see
Facebook respect the privacy and security issues when handling personal data.
However, in the absence or should the authorities fail to do so, the author calls for
corporations to gang up and assist in bringing down Facebook (Hughes, 2019).
2018/2019 was a problematic period for tech giant companies and social
networking companies as data security and privacy concerns heightened with
Facebook at the forefront. Things got worse for the firm when its CEO, Mark
Zuckerberg, appeared before the Congress to explain allegations of illegal
acquisition of personal data for an estimated 87 million unaware Facebook users by
Cambridge Analytica – a political intelligence firm (Jaeger, 2018).
The data incident for failure to adhere to information governance further
escalated, leading to an official investigation by the Federal Trade Commission
(FTC) into whether the firm's action had violated the consent decree signed in 2011.
The decree required that Facebook, at the least, to give its users clear and bold
notice and obtain their voluntary and informed consent before they can use or
share their personal information.
After a yearlong investigation into the failure to adhere to information
governance, the outcome of the case resulted in a significant financial loss.
Facebook was required to pay a staggering $5bn in fines for deceiving users about
their capability to keep personal data and information private (York, 2019).