Stacy Theobald
@stacytheobald

Posts: 165
Joined: Feb 08, 2011

Does Facebook have a monopoly over your data? Network faces antitrust scrutiny

Posted by @stacytheobald, Fri, Sep 6 3:14pm

Does Facebook’s dominance put users at risk? A new bipartisan coalition consisting of the attorneys general from eight states and the District of Colombia is now investigating the social media giant for antitrust violations, alleging Facebook “stifled competition” in a way that may have impacted user data and ad prices. New York Attorney General Letitia James confirmed the investigation on Friday, September 6.

“Even the largest social media platform in the world must follow the law and respect consumers,” James said in a statement. “I am proud to be leading a bipartisan coalition of attorneys general in investigating whether Facebook has stifled competition and put users at risk. We will use every investigative tool at our disposal to determine whether Facebook’s actions may have endangered consumer data, reduced the quality of consumers’ choices, or increased the price of advertising.”

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I bet this just drives Facebook bananas because they want to see themselves as a technology company, just providing innovative services to everyone.

At least there is a dawning of understanding by government that social media companies are really data acquisition and AI companies and may need a different regulatory approach.

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@matthewrehrl

I bet this just drives Facebook bananas because they want to see themselves as a technology company, just providing innovative services to everyone.

At least there is a dawning of understanding by government that social media companies are really data acquisition and AI companies and may need a different regulatory approach.

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Agreed. It will be interesting how everything will turn out with social media security after the implementation of the GDPR in Europe.

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