- The Facebook Cambridge Analytica data scandal makes it clear that we must regulate social media platforms.
- We can regulate Facebook and other social media without impinging on the First Amendment.
- We can use the banking industry as road map for regulating Facebook.
The company says it’s ‘outraged’ over Cambridge Analytica’s actions, but it doesn’t want to stop selling access to your information
In fact, all Zuckerberg said was “sorry”, made “mistakes”, and we take it “seriously”. Not a single action item indicates he has a clue. Indeed, FB is spending $1 million to fight a California initiative that would require European like data transparency from tech companies.
Source: If Facebook wants to protect user data, it needs to disclose what it has and let people opt out
“I actually am not sure we shouldn’t be regulated”
Source: Mark Zuckerberg is actually not sure
Like most industries, something happens that leads to regulation. And like most industries, those being regulated end up largely writing their own regulations in such a way to favor the incumbents in the industry. If regulations are introduced, Facebook will likely shape those regulations to favor itself.
Later, he puts his faith in AI and algorithms that will be able to gauge everything about what is posted online.
FIRST PUBLISHED IN DECEMBER 16, 2016 IN GERMAN IN DAS MAGAZIN.
PUBLISHED IN ENGLISH ON JANUARY 28, 2017 IN MOTHERBOARD:
How Cambridge Analytica used your Facebook data to help the Donald Trump campaign in the 2016 election.
Source: The Data That Turned the World Upside Down – Motherboard
Good God. The U.S. media is so full itself that it missed this story in broad daylight since January 2017. Quite frankly, U.S. media has rendered itself utterly useless.
Guess I need to be reading Motherboard. They had the story more than a year ago.