Facebook co-founder Chris Hughes announces $10 million fund to break up more than Facebook

The Facebook co-founder who has called for the destruction of the behemoth he helped create is putting his money where his mouth is.

Hughes co-chairs the Economic Security Project, an organization dedicated to reorienting the economy in favor of people over corporations. Thursday, they announced a new target in that fight: corporate monopolies in tech, healthcare, agriculture, finance, and beyond. 

“Americans understand corporate power has gotten out of control,” Hughes told the Washington Post, “and a lot of [groups] are interested in organizing to push back against them.”

Hughes, along with several high-profile foundations, is committing $10 million to research and advocacy work in anti-trust law and policy through 2021. The specific recipients of the funds have yet to be announced. Read more...