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Facebook breakup would be solution of last resort, EU antitrust chief says

Key Points
  • A break-up of U.S. social media company Facebook would be a solution of last resort that would probably generate long judicial procedures, EU Competition Commissioner Margrethe Vestager said on Friday.
  • "I think it would keep us in court for maybe a decade. It is much more direct and maybe much more powerful to say we need access to data," Vestager told reporters.
  • Facebook founder Mark Zuckerberg's co-founder and former college roommate Chris Hughes this month used a New York Times opinion piece to urge U.S. regulators to break up the tech giant.
Mark Zuckerberg testifies before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill April 11, 2018.
Chip Somodevilla | Getty Images

A break-up of U.S. social media company Facebook would be a solution of last resort that would probably generate long judicial procedures, EU Competition Commissioner Margrethe Vestager said on Friday.

The EU antitrust chief was asked about Facebook at the VivaTech technology conference in Paris after leading U.S. Democratic politicians and one of Facebook's co-founders recently spoke in favor of a break-up of the company.

"Of course it would be a remedy of very last resort. I think it would keep us in court for maybe a decade. It is much more direct and maybe much more powerful to say we need access to data," Vestager told reporters.

Facebook founder Mark Zuckerberg's co-founder and former college roommate Chris Hughes this month used a New York Times opinion piece to urge U.S. regulators to break up the tech giant.

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Key Points
  • Sandberg said breaking up Facebook does not address the underlying issues people have with tech companies.
  • “You could break us up, you could break other tech companies up, but you actually don’t address the underlying issues people are concerned about,” Sandberg said.
  • While there is talk of breaking up Facebook, Sandberg highlighted that China's own tech companies will not be broken up.