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Facebook COO rules out firm's breakup, calls for regulation

MENLO PARK (US): Facebook isn't taking a look at breaking apart the social media large, its COO Sheryl Sandberg mentioned on Wednesday. Sandberg used to be taking questions from newshounds, one of which referred to FB co-founder Chris Hughes's recent op-ed piece in New York Times that suggested FB be "separated into multiple companies".

Hughes, who joined palms with Mark Zuckerberg to launch FB from their Harvard hostel 15 years ago, had argued that the company's size had given its CEO Zuckerberg "staggering" affect this is "unprecedented and un-American".

Acknowledging issues of accelerating affect of big corporations as hers, Sandberg mentioned rules have been vital. Emphasising enhancement of regulatory frameworks to fight privateness issues, she mentioned the company is to arrange a regulatory content material board with zero interference from her or Zackerberg.

"We're working with leaders around the world on laws," she mentioned. As for transparency, she mentioned FB information transparency experiences each and every six months, and from subsequent 12 months it'll do it each and every quarter. She evaded questions about a Wall Street Journal document remaining week that "Facebook had uncovered emails that appear to connect Zuckerberg to potentially problematic privacy practices at the company".

(The creator is on an invitation from Facebook)

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