The Feds Might Try to Block Mark Zuckerberg's Grand Plan
In a lengthy manifesto this March, Facebook (NASDAQ: FB) CEO Mark Zuckerberg outlined his vision for the future of Facebook, which will be built on a "privacy-focused vision" for its sprawling family of mobile apps and services. A core tenet of Zuck's grand plan is interoperability between apps, unifying the messaging capabilities across apps in a way that would allow a WhatsApp user to send an encrypted message to an Instagrammmer.
"We want to give people a choice so they can reach their friends across these networks from whichever app they prefer," His Zuckness wrote. "We plan to start by making it possible for you to send messages to your contacts using any of our services, and then to extend that interoperability to SMS too."
The Feds might quash those plans.
Out with the old FTC investigation, in with the new FTC investigation
The plan to integrate messaging across services has been contentious, even within Facebook. Chief Product Officer Chris Cox and WhatsApp head Chris Daniels
The news comes just months after Facebook paid a
Calls to split up Facebook have escalated over the past year, in part due to the ongoing scandals. Meanwhile, Zuckerberg is enjoying an apparent lack of accountability -- users continue flocking to Facebook's platforms and the company easily covered the monetary penalty with a single quarter's net profits (although it was technically accounted for across two quarters).
The agency has not yet finalized its decision on whether to move forward with seeking an injunction, which would need at least three of the five FTC commissioners to sign off.
Zuckerberg has argued that breaking Facebook up would be counterproductive, suggesting that the company's vast resources give it a greater ability to invest in things like platform safety while combating misinformation. The chief executive has also told employees that he's
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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors.