Warren Clashes With Facebook Over Big Tech Proposal

Facebook CEO: If Warren is elected president we will sue the US government

Facebook is working on strategies to take on Tik Tok, hints Mark Zuckerberg

A report by The Verge has brought to light certain leaked "controversial" conversations of Facebook CEO Mark Zuckerberg with the company's employees who were anxious about the company's future.

"We're trying to first see if we can get it to work in countries where TikTok is not already big before we go and compete with TikTok in countries where they are big", he said in response to a question on how Facebook plans to counter TikTok's growing cultural clout among teenagers and Gen Z. Elizabeth Warren is an "existential" threat to his company.

Zuckerberg said that they do not want to go to court against their own governments, but that they care about their country but they will not stop fighting if the situation threatens their existence.

On Tuesday, leaked audio comments from Zuckerberg said the company would likely sue the USA government if Warren became president and attempted to break up the company. "I mean, they face, qualitatively, the same types of issues".

On Tuesday, Zuckerberg included a link to the Verge story about his leaked Q&A in a post on his Facebook page.

Presidential candidate Warren has been very critical of big tech companies like Google, Twitter, Amazon and of course Facebook, since the launch of her campaign in December.

"Tech giants shouldn't be able to wield enough power to undermine our democracy", Warren said in a follow-up tweet.

"You can check it out if you're interested in seeing an unfiltered version of what I'm thinking and telling employees" he wrote in the post.

In her proposal, Warren argues that the tech giants have essentially developed monopolies - they have "bulldozed competition, used our private information for profit, and tilted the playing field against everyone else". That decision hurt both the producers of such content and the company itself, which lost $100 billion of market cap in one day as the number of users fell dramatically - a historic record for a single-day drop, according to Zuckerberg, who laughed it off.

"It's just that breaking up these companies, whether it's Facebook or Google or Amazon, is not actually going to solve the issues", he said. It doesn't make any of the hate speech or issues like that less likely.

Warren responded to Zuckerberg's comments on Twitter, writing in one tweet, "What would really "suck" is if we don't fix a corrupt system that lets giant companies like Facebook engage in illegal anticompetitive practices, stomp on consumer privacy rights, and repeatedly fumble their responsibility to protect our democracy". Venture capitalists and early investors in companies are starting to think Warren is the most competent candidate with well-though-out policy stances, and that her tech breakup idea is more of an opening salvo than a definite plan.

To Mark Zuckerberg, kudos for standing by your words.

"Facebook is doing pretty well right now", Warren said, citing its acquisitions as evidence that tech firms had amassed significant power and face little competition. Without regulation, "people are just going to keep on getting angrier and angrier ... demand more extreme measures, and eventually people just say 'Screw it, take a hammer to the whole thing'".

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