*By Alex Heath* The anti-Facebook advocacy group at the center of the social network’s latest scandal thinks that regulation of big tech is imminent. “I don’t think things are going to get better this time \[for Facebook\],” Sarah Miller, the deputy director of the Open Markets Institute, told Cheddar in an exclusive interview on Monday. “I think they are going to really have to grapple with some serious lawmakers in the House come January. And I think even on the Republican side, we will see some bipartisan efforts to start to rein in this company.” Miller’s Open Markets Institute formed the Freedom From Facebook coalition in D.C. earlier this year to protest what it said is anti-competitive and harmful behavior on the part of the world’s largest social network. Freedom From Facebook was thrust into the spotlight last week when [The New York Times reported](https://www.nytimes.com/2018/11/14/technology/facebook-data-russia-election-racism.html) that Facebook ($FB) had hired an outside PR firm, Definers, to try and discredit Open Markets in the media and potentially link it to liberal billionaire George Soros. “We weren’t necessarily completely surprised that Facebook would do something like this,” Miller said of The New York Times investigation, which led to Facebook severing its relationship with Definers. “We generally think they’re a pretty ruthless company. But I think we were surprised to find out that they were actually bad at being bad.” A former hedge fund executive named David Magerman recently [told Axios](https://www.axios.com/david-magerman-campaign-break-up-facebook-82ba9228-34d9-4905-ab8d-2e44e30822a6.html) that he provided seed funding for Freedom From Facebook, which has organized protests against the company on Capitol Hill and is petitioning the Federal Trade Commission to break up Facebook’s business. Miller confirmed that Magerman — “among others” — was a funder of the coalition. The main goal of Freedom From Facebook is to convince the FTC, which oversees antitrust concerns in the United States, to force Facebook to spin out Instagram and WhatsApp into separate corporations. Miller likened the situation to the 1980s, when the government forced AT&T to spin out parts of its business. Facebook “has gone on a strategy of trying to amass as much market power as possible,” Miller said. “We think that fundamental to any solution is taking on Facebook’s market power in this way.” She added that in Washington, D.C., “Facebook has been in hot water before, but it really seems to be reaching a boiling point after The New York Times story.”

Share:
More In Business
Watchdog Slams IRS Identity Theft Case Delays as “Unconscionable”
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
A.I. Investments Carry Amazon Over $2 Trillion Valuation Threshold
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Load More