Facebook has long shown that it will not curtail third-party use and abuse of the data it generates on users unless it is legally obliged to. Breaking up the company would promote competition and consumer rights in the industries that it dominates, holds Eric Wilson of Politico. Recent data scandals showed that the company repeatedly looked the other way while third parties freely harvested its data. Its business model is built on monetizing its users’ data. Breaking it up, without over-regulating other tech companies, could de-centralize its power and promote more ethical supervision of the information that can be gathered from social media.
Breaking up Facebook would mostly cause problems with little benefit to consumers, asserts David Shipley of Bloomberg. The social media platform is so popular because of its size, which allows users from all over the world to connect. In its absence, another rival might very well rise quickly and gain a similar market dominance. Currently, the company offers an unrivaled free experience, while benefiting many small companies with its services. While Facebook must be held accountable for transgressions, this should be done with smart regulations. That would be the best way to promote transparency and better competition in the sector.