November 15, 2024
Mark Zuckerberg

Facebook CEO Mark Zuckerberg testifies before a joint hearing of the Commerce and Judiciary Committees on Capitol Hill in Washington, Tuesday, April 10, 2018, about the use of Facebook data to target American voters in the 2016 election. (AP Photo/Carolyn Kaster)

Facebook co-founder and CEO Mark Zuckerberg met Thursday with President Donald Trump and a number of members of Congress, as Facebook has taken the path of resolving its regulatory and legal issues centering around competition, censorship, reported bias, etc.

Zuckerberg rejects US senator’s challenge to sell WhatsApp, Instagram While the president reviewed the get-together as “a nice meeting” without giving any further details, Republican Senator Josh Hawley, in a nutshell, shared what the talk was about.

Hawley tweeted after his one-on-one meeting with Zuckerberg that he “challenged him to do two things to show that Facebook is serious about bias, privacy and competition”. The senator suggested Zuckerberg sell messaging app WhatsApp and photo-sharing service Instagram, which are among over 70 companies the 2.5 billion-user social media giant acquired in the not so distant past, “to prove you’re serious about protecting data privacy”, citing Zuckerberg as responding to him “it wasn’t a good idea” as part of their “frank” exchange.

The acquisition of dozens of new structures under Facebook’s umbrella has long sparked concerns over its ability to not only process massive amounts of personal data with sufficient discretion, but also effectively stand on guard of users’ privacy.

In response, US federal and state antitrust agencies are exploring anti-competitive actions potentially committed by Facebook and members of Congress are currently working on comprehensive privacy legislation that could lead to a lesser market monopolisation of companies like Facebook, Google, Amazon, and Apple and prevent them from making fortunes off users’ personal data.

Facebook has been deeply embroiled in a series of user privacy scandals over the past couple of years, with ethical questions arising on how the balance between the company’s market interests and those of a vast client audience can be struck.

After a number of Senate hearings on the matter, the US Federal Trade Commission hit Zuckerberg’s brainchild with a hefty fine of $5 billion (€ 4.5 billion) for data protection violations, purported to be over the Cambridge Analytica data scandal. Chelsea faces another threat in Liverpool as top-six contenders face off The settlement essentially called for more advanced privacy controls and more effective oversight of the social network. In one of the most recent developments to this end, Facebook announced a plan to create an independent 40-strong “oversight” board, dubbed the “Facebook supreme court”, to make decisions over how the network is moderated and what content is allowed on the platform. The move closely follows accusations of Facebook having overlooked a live stream showing the New Zealand mosque shootings in March that left 51 dead.

25 thoughts on “Monopoly: Facebook Declines US Senator’s Challenge to sell WhatsApp, Instagram.

  1. I just want to tell you that I am just very new to blogs and really enjoyed you’re web blog. Almost certainly I’m planning to bookmark your site . You actually have remarkable writings. Bless you for revealing your website.

  2. 221512 873945hello!,I truly like your writing extremely a lot! percentage we maintain up a correspondence extra about your article on AOL? I need to have an expert on this area to unravel my issue. Could be that is you! Taking a look forward to peer you. 104451

  3. 370339 992087I like what you guys are up also. Such intelligent work and reporting! Maintain up the superb works guys Ive incorporated you guys to my blogroll. I believe itll improve the value of my website . 389904

  4. 17666 482511I was curious if you ever considered changing the structure of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or two images. Maybe you could space it out better? 24917

  5. 163788 659984Spot up for this write-up, I really feel this excellent internet site requirements a good deal much more consideration. Ill more likely be once again to read considerably more, thank you that data. 724927

  6. 616889 861160I discovered your weblog internet site on google and check just several of your early posts. Proceed to maintain up the outstanding operate. I just extra up your RSS feed to my MSN Data Reader. Seeking forward to reading far more from you in a although! 738122

Leave a Reply

Your email address will not be published. Required fields are marked *