Big Tech wants more regulation
Updated: Jul 22
First time around for Facebook to openly push for "more regulations" of a kind that involves a new type of regulator, proficient in data, operations and online content.
"I don’t think private companies should make so many decisions alone when they touch on fundamental democratic values."
Are more regulations better?
In a Financial Times op-ed Facebook CEO Mark Zuckerberg calls for new rules and oversight of the industry to help restore trust in big tech. Companies also need clearer lines around data ownership in order for users to move their information between services, Zuckerberg says.
"We have to balance promoting innovation and research against protecting people’s privacy and security."
NDR CDO & Partner Ulrik Larsen commented in a much-shared LinkedIn post that innovation and research should not need users to accept lower security and privacy infringements.
"Zuckerberg makes some relevant points, but I’m not convinced about this trade-off: "We have to balance promoting innovation and research against protecting people’s privacy and security." Innovation and research should not need users to accept lower security and privacy infringements."
Though we applaud Facebook for not (completely) clinging to old business models - that still brings a substantial amount of income - we are also skeptical about how more regulations will solve the deep issues behind being able to both comply with privacy and personalization.
We are very interested in debating privacy and regulations with any of our peers in and out of the adtech industry.
If you think NDR could add valuable insights to your event, please give our Copenhagen based Marketing department a call (+45 2721 8818) and we'll get back to you in a flash.