These hearings seem more political based on Facebooks percieved biases than focused on protecting consumers.
Maybe it is time for you to also get privacy laws where my data is mine and don't belong to the company that store it for me. You can use the data for what you need it to, but should not be allowed to sell or give it to any 3rd party without asking me if I allow it every time you want to share it.
FB was very visible earlier too, and the influence it weilded was well known. It was just extremely upsetting that the other side used it this time, and won.
Political narratives world over, have always been monopolized by the left, via institutional control. When narratives are democratized, they invariably move to the right. Social media has democratized setting of the narrative, and that is the reason that we are seeing a wave of right wing populism across the world, from India to UK to the US.
The clampdown on Facebook is an attempt to regain institutional control of the current most valuable means of setting political narrative.
Haha what? Nevermind the nonsense of dividing the world into "left" and "right", you are also absolutely wrong.
Please back up your claims, because I see a hell of a lot of conservative media coverage control, all over the world.
This is different to the excessive data collection that other companies do. I'd welcome greater scrutiny of the data as a company asset model of service provision, but we need to be aware that there's a spread of behaviour.
Those other companies haven't arguably violated a consent decree with the FTC as Facebook has.
Are there additional regulations or something? Every company under the sun wants to do credit checks before they do business with me; and they often don't ask me about it in advance. Is there some mechanism that would make that data less valuable to them if they wanted to do political targeting?
I don't take it as a given that Equifax would be more careful with my data than Facebook is, but maybe I'm missing something about how credit regulations work?