Facebook's Sheryl Sandberg: Chinese tech companies are also powerful, and will not be broken up

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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. People are concerned about election security, content, privacy and data portability,' Sheryl Sandberg said.

on Friday calling for regulation of American tech companies but pushing against the idea of breaking up the social media company.

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.

"We know at Facebook we have a real possibility to do better and earn back people's trust," she said.

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