[This is a highly insightful post by professors at the Terry College of Business at the University of Georgia (ARW readers will recall that Terry hosted the first Artist Rights Symposium a couple months ago where I spoke and of course is where David Lowery teaches. Gunton & Hendrix make the case for regulating Facebook which make for required reading alongside Jonathan Taplin’s work. (Prof. Taplin keynoted the Artist Rights Symposium.)]
On Wednesday, Mark Zuckerberg finally ended days of silence and set out on a media tour to explain Facebook’s role in the Cambridge Analytica data scandal. CNN’s Laurie Segall asked him if he was worried about Facebook facing government regulation after what he admitted was a massive breach of trust between the platform and its users. “I actually am not sure we shouldn’t be regulated,” he said. “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?’”
It is certainly time for a robust international conversation about how best to regulate social media platforms, and data privacy more generally. Major technology companies — including Facebook, Google, Twitter, SNAP and others — define the information ecosystem in much of the world. Barely regulated and rarely held accountable, these companies are completely transforming the public sphere. While these platforms present new opportunities to connect people around the world, they also create new spaces for bad actors that wish to spread misinformation, encourage terrorism or incite violence, engage in online harassment, steal personal data, restrict free speech and suppress dissent.
As this urgent conversation gets underway, here are some factors to consider when imagining new regulations…