In Facebook Hearings, Lawmakers Ramp Up Talk of Regulation
Facebook Inc. CEO Mark Zuckerberg spent two days on Capitol Hill seeking to placate angry lawmakers by saying he would be open to some sort of regulation to protect the privacy of users on his global social-media platform.
The question now is whether Washington will create regulations that address increasingly widespread concerns about digital privacy, and how any new constraints would squeeze the business models of companies like Facebook that rely on the free flow of data.
That tension was at the heart of Mr. Zuckerberg’s two days of testimony. He signaled repeatedly that he had learned the lesson of the recent data-breach scandals that have been dogging the company. And yet, when the discussion turned to details about how industrywide rules might help protect user data, he often couched his willingness to embrace new rules with warnings about poor regulation leading to unintended consequences.
FOLLOW THE LINK FOR THE FULL REPORT – JR