It’s time to regulate tech platforms with laws, not fines

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Illustration by Alex Castro / The Verge

It was, in retrospect, perhaps not the best two weeks to go on vacation.

Each time I checked in with the news, there was some startling new collision between Facebook and democracy.

There was that $5 billion settlement with the Federal Trade Commission.

There was that $100 million settlement with the Securities and Exchange Commission.

There was an announcement that the FTC would open an antitrust investigation against the company. (Facebook co-founder Chris Hughes volunteered his help to build the case.)

There was an announcement that the Department of Justice would open up an antitrust probe against Facebook, Google, and other large tech platforms.

And that was only what happened last Wednesday!

(OK, the DOJ thing broke late the day...

Continue reading…



source https://www.theverge.com/interface/2019/7/30/20746427/facebook-ftc-settlement-congress-privacy-law

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