..Two companies have complete control over how the Western World perceives reality [.] Google and Facebook..
Facebook Fines Not Enough: Open Markets Institute Demands Full-Restructuring “To Protect Democracy”
[In the Video below, Jack Goldsmith and Niall Ferguson sit down for a discussion on the history of social networks, including today’s Facebook. ~TLB ed.]
It appears Facebook CEO Mark Zuckerberg’s non-apology apology statement and robotic CNN interview, that he feels bad and is sorry, were not enough to quell the concerns of both shareholders and regulators as the Open Markets Institute demands that The FTC restructure Facebook and lays out 9 steps to achieve that…
Since news broke that a data analysis firm with ties to the Trump campaign harvested personal information from tens of millions of Facebook users, much of the speculation has focused on whether the Federal Trade Commission will fine the corporation for violating a 2011 deal to protect user privacy.
But the pressing nature of America’s Facebook problem, especially the way the corporation’s actions have endangered basic democratic institutions, means the FTC should go much further.
“Facebook has too much power over America’s communications infrastructure. And Facebook’s failure to manage that power responsibly has made it too easy for Russian hackers to spread propaganda and disinformation, even while making it too hard for trustworthy American journalists and editors to do their jobs. This is a direct threat to American democracy, and the government must act now,” said Barry Lynn, Executive Director of Open Markets.
[Video placement and emphasis editing by TLB]
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