It’s been a wild few days, and it seems that the country, if not the world, have turned their eyes to Facebook. Mark Zuckerberg appeared in an interview Laurie Segall tonight on CNN and has started addressing the Cambridge Analytica data scandal.
When asked about the possibility of government regulation for social networks like Facebook, he responded “I actually am not sure we shouldn’t be regulated. I think in general technology is an increasingly important trend in the world. I think the question is more what is the right regulation rather than ‘yes or no should we be regulated?’”.
Zuckerberg then further stated that “There is transparency regulation that I would love to see. If you look at how much regulation there is around advertising on TV and print, it’s just not clear why there should be less on the internet. You should have the same level of transparency required.” Here he is referring to the Honest Ads Act which would deliver that level of transparency for advertisements in the United States, but there is not a guarantee it will pass.
Putting it briefly, an approved third-party developer ended up transferring out user data and it ended up in the hands of companies and organizations that shouldn’t have had access too it. It brings up the broader question of transparency about who is allowed access to the data and why they are given access to it, along with the advertisements you are being presented with on the platform.