Facebook is a ‘digital gangster’ that urgently needs more regulation, UK lawmakers say

Facebook “intentionally and knowingly” violated U.K. data privacy and anti-competition laws and urgently needs to be regulated and investigated, a scathing new report by British lawmakers said.

The final report issued Monday by the U.K.’s Digital, Culture, Media and Sport committee concluded an 18-month investigation into Facebook and other social media companies for their role in spreading “fake news” and disinformation. In the 108-page document, lawmakers called for the creation of an independent regulator for social media sites and a mandatory code of conduct that, if breached, could result in “large fines.”

“Companies like Facebook should not be allowed to behave like ‘digital gangsters’ in the online world, considering themselves to be ahead of and beyond the law,” the report said.

The committee accused Facebook CEO Mark Zuckerberg of showing “contempt” toward U.K. parliament for declining to testify in front of lawmakers. Zuckerberg appeared in front of U.S. and EU lawmakers to discuss the company’s data collection practices last year but sent other company representatives to testify in Britain. ..Read More..

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