- Joined
- Mar 3, 2018
- Messages
- 1,713
Facebook's stock price has recovered from a low of about $124 in December to ~$162 right now, which is about there the stock was in mid 2018 and early 2017. But if you think that means Facebook's bad news train is slowing down, think again. The Guardian says that a report from the UK government's Digital, Culture, Media and Sport select committee's 18-month investigation into Facebook called the social media giant "digital gangsters." Among other things, it accuses Mark Zuckerburg of "contempt for parliament in refusing three separate demands for him to give evidence," and also warns of the British government's vulnerability to manipulation by foreign actors on the platform. Other officials are reportedly calling for stricter regulation, and Damian Collins said "We should have a proper code of ethics, set in statute with an independent regulator to oversee whether the tech companies are complying or not."
"Democracy is at risk from the malicious and relentless targeting of citizens with disinformation and personalised 'dark adverts' from unidentifiable sources, delivered through the major social media platforms we use every day," warned the committee’s chairman, Damian Collins.
"Democracy is at risk from the malicious and relentless targeting of citizens with disinformation and personalised 'dark adverts' from unidentifiable sources, delivered through the major social media platforms we use every day," warned the committee’s chairman, Damian Collins.