Facebook says it is 'open to meaningful regulation' following damning report of the 'digital gangster' that considers itself 'ahead of and beyond the law'

A detailed report about fake news by a parliamentary committee in the UK has accused Facebook of being a 'digital gangster' that has deliberately broken privacy and competition laws. The report by the Digital, Culture, Media and Sport select committee calls for the social network to be subject to statutory regulation. The report comes after an 18-month investigation, and it is damning of Facebook and its executives in general, and Mark Zuckerberg in particular. Criticism is levelled at the lack of action taken against fake news and misinformation on the social network, and there is concern that current election laws… [Continue Reading]