Regulation Of Social Media ‘Inevitable,’ Zuckerberg Tells Parliament

Facebook Chief Executive, Mark Zuckerberg, said Wednesday that regulation of social media companies is inevitable, but warned that rules could also hamper the industry’s … Continue reading Regulation Of Social Media ‘Inevitable,’ Zuckerberg Tells Parliament

By Ignatius Igwe

Updated April 11, 2018

#ZuckerBowl Without A Clear Winner As Facebook Hearings End — Facebook CEO Mark Zuckerberg testifies before a joint hearing of the US Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee on Capitol Hill, April 10, 2018 in Washington, DC. Zuckerberg, making his first formal appearance at a Congressional hearing, seeks to allay widespread fears ignited by the leaking of private data on tens of millions of users to British firm Cambridge Analytica working on Donald Trump’s 2016 presidential campaign. JIM WATSON / AFP

Facebook CEO Mark Zuckerberg testifies before a joint hearing of the US Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee on Capitol Hill, April 10, 2018 in Washington, DC. Zuckerberg. Photo Credit: JIM WATSON / AFP

Facebook Chief Executive, Mark Zuckerberg, said Wednesday that regulation of social media companies is inevitable, but warned that rules could also hamper the industry’s growth.

“The internet is growing in importance around the world in people’s lives, and I think that it is inevitable that there will need to be some regulation,” he told a hearing in Congress.

“But I think you have to be careful about putting regulation in place. A lot of times regulations put in place rules that a company that is larger, that has resources like ours, can easily comply with, but that might be more difficult for a smaller startup company.”

AFP