Sheryl Sandberg
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Facebook's Chief Operating Officer Sheryl Sandberg down for an interview with CNBC on Friday calling for regulation for American companies but pushing against the idea of breaking up the social media company.
“You could break us up, you could break other tech companies up, but you actually don’t address the underlying issues people are concerned about,” Sandberg said.
Sandberg said people are concerned about election security, content, privacy and data portability. Sandberg noted that every one of Facebook's product teams now have their own safety and security functions.
"We know at Facebook we have a real possibility to do better and earn back people's trust," she said.
Shares of Facebook were trading lower early in the session as markets continued to focus on trade tensions between the U.S. and China.
"While people are concerned with the size and power of tech companies, there's also a concern in the United States with the size and power of Chinese companies, and the realization that those companies are not going to be broken up," Sandberg said.
This story is developing. Please check back for updates.
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