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Zuckerberg says Warren as president would be bad for tech

Credit: Reuters Studio
Published on October 1, 2019 - Duration: 02:02s

Zuckerberg says Warren as president would be bad for tech

Facebook Inc Chief Executive Officer Mark Zuckerberg told employees in July that the company would “go to the mat” to defeat Democratic candidate Elizabeth Warren’s expected effort to break up the world’s largest social media company if she were elected president, according to audio of two internal company meetings from July published by The Verge.

Jonah Green has more.

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Zuckerberg says Warren as president would be bad for tech

A feud appears to be brewing between Facebook CEO Mark Zuckerberg and Democratic Senator Elizabeth Warren.

According to audio of two internal company meetings published Tuesday by The Verge, Zuckerberg told employees in July that he would "go to the mat" to defeat an effort to break up the world's largest social media company if Warren takes the White House.

”If she gets elected president, then I would bet that we will have a legal challenge and I would bet that we will win the legal challenge.

And does that still suck for us?

Yeah.

I mean, I don't want to have a major lawsuit against our own government." That brought a swift retort from Warren, who tweeted Tuesday: ”What would really 'suck' is if we don't fix a corrupt system that lets giant companies like Facebook engage in illegal anticompetitive practices, stomp on consumer privacy rights and repeatedly fumble their responsibility to protect our democracy.

Facebook declined to comment on Tuesday.

SOUNDBITE (ENGLISH) SEN.

ELIZABETH WARREN D-MA, CANDIDATE FOR PRESIDENT: "We will break up big tech!" Earlier this year, Warren called for breaking up Amazon, Facebook and Alphabet.

SOUNDBITE (ENGLISH) SEN.

ELIZABETH WARREN D-MA, CANDIDATE FOR PRESIDENT: "Break those things apart and you will have a better way to work.

And that’s how capitalism should work." Zuckerberg was also quoted in the audio as saying "breaking up these companies, whether it's Facebook or Google or Amazon, is not actually going to solve the issues.

And, you know, it doesn't make election interference less likely.

It makes it more likely because now the companies can't coordinate and work together." The Federal Trade Commission has an open antitrust investigation into Facebook and a group of state attorneys general led by New York is also investigating.

Zuckerberg was on Capitol Hill last month for the first time since April 2018 when he testified before Congress.

He also met with President Donald Trump.

As for Warren, she has relished seeing corporate interests squirm at the thought of her beating Trump.

She recently retweeted a CNBC segment on how fearful Wall Street executives are of her, writing “I’m Elizabeth Warren and I approve this message.”

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