The Washington PostDemocracy Dies in Darkness

Facebook co-founder and critic Chris Hughes spearheads a $10 million ‘anti-monopoly’ fund

The fund will explore antitrust actions in a number of industries, not just tech

October 17, 2019 at 6:00 a.m. EDT
Chris Hughes (Photo by Lisa Berg)

For months, Facebook co-founder Chris Hughes has been warning about the dangers of corporate consolidation, even advocating for a break-up of the social-media giant where he started his career.

Now Hughes and his allies are putting money behind their calls for action, hoping to harness the heightened interest around big tech into a broader movement to analyze, regulate or dismantle behemoths in agriculture, healthcare, finance and other industries where he says a lack of competition is hurting consumers.