Facebook's Zuckerberg Backs Privacy Legislation
June 27 2019 - 4:39AM
Dow Jones News
By WSJ City
Mark Zuckerberg, chief executive and co-founder of Facebook
endorsed federal privacy legislation and greater regulation of
political advertising, even as he cast governments as too slow to
address many of the internet's thorniest problems.
KEY FACTS
-- Zuckerberg said Facebook was racing to solve problems like misinformation
and how best to police online content.
-- He expressed hope that governments would ultimately build a framework for
tackling those matters.
-- He also addressed criticism that the acquisitions of Instagram and
WhatsApp hindered competition.
-- He said the units blossomed under Facebook and would not have had the
same level of success on their own.
-- His remarks came hours after the White House dialled up its criticism of
Silicon Valley...
-- ...and called for a social-media summit to have "a robust conversation"
about the responsibility of online platforms.
Why This Matters
Issues such as 'deep fakes', manipulated videos, are likely to
be discussed at the summit. It seems the White House and its
Republican allies will make alleged anticonservative bias a major
issue heading into the 2020 election, as they did in 2018. The
companies generally have denied accusations that they try to
suppress conservative speech online.
Meanwhile, Zuckerberg's calls for more regulation come as the
social-media company is bracing for an expected multibillion-dollar
fine from the FTC over its privacy lapses.
A fuller story is available on WSJ.com
WSJ City: The news, the key facts and why it matters. Be deeply
informed in less than five minutes. You can find more concise
stories like this on the WSJ City app. Download now from the App
Store or Google Play, or sign up to newsletters here
http://www.wsj.com/newsletters?sub=356&mod=djemwsjcity
(END) Dow Jones Newswires
June 27, 2019 04:24 ET (08:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Meta Platforms (NASDAQ:META)
Historical Stock Chart
From Mar 2024 to Apr 2024
Meta Platforms (NASDAQ:META)
Historical Stock Chart
From Apr 2023 to Apr 2024