Thursday January 23, 2020
Home Lead Story Facebook CEO ...

Facebook CEO Mark Zuckerberg Feels Need For Internet Rules to be Updated

Clear rules are required, however, about who is responsible for protecting information when it moves between services, Zuckerberg noted

0
//
facebook, U.S. Politicals ads, zuckerberg, social media
Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington about the use of Facebook data to target American voters in the 2016 election and data privacy. VOA

Facebook CEO Mark Zuckerberg has said that governments and regulators need to play a more active role in updating rules for the Internet to preserve the freedom of expression, for entrepreneurs to build new things, and to protect society from broader harm.

In an editorial in The Washington Post on Saturday, Zuckerberg said though Facebook continually reviews policies with experts on terrorist propaganda and hate speech, it “always make mistakes and decisions that people disagree with”.

But, it is time for “new regulation in four areas: harmful content, election integrity, privacy and data portability”, the Facebook Founder said, noting that it will help “define clear responsibilities for people, companies and governments going forward”.

Stating that the company is working with governments, including French officials, on ensuring the effectiveness of content review systems, Zuckerberg suggested for third-party bodies to set standards governing the distribution of harmful content and to measure companies against those standards.

He asserted the need for holding Internet companies accountable for enforcing standards on harmful content.

On political ads, Zuckerberg said deciding whether an ad is political is not always straightforward, thus it “could be more effective if regulation created common standards for verifying political actors”.

“We believe legislation should be updated to reflect the reality of the threats and set standards for the whole industry,” he said.

Facebook
Facebook’s CEO Mark Zuckerberg. VOA

Endorsing the European Union’s General Data Protection Regulation (GDPR) for effective privacy and data protection, Zuckerberg said it would be good for the Internet if more countries adopted GDPR and build new privacy regulation on the given framework.

He also emphasised on the need for clear rules on when information can be used to serve the public interest and how it should apply to new technologies such as Artificial Intelligence.

Moreover, new regulation should guarantee the principle of data portability.

Also Read- Researchers ‘Extract’ Data From Junked Tesla Cars

Clear rules are required, however, about who is responsible for protecting information when it moves between services, Zuckerberg noted.

“I believe Facebook has a responsibility to help address these issues, and I’m looking forward to discussing them with lawmakers around the world,” he added.

Political ad spend tops Rs 1.5 cr a week on Facebook. (IANS)

Next Story

Vodafone Quits Facebook’s Libra Cryptocurrency Project: Report

The Libra project, which is still in development, aims for the launch of its first version this year

0
vodafone
Vodafone logo. Pixabay

Vodafone has become the latest big player who have decided to quit Facebook’s controversial Libra cryptocurrency project.

Vodafone joins PayPal, Mastercard, Visa, Mercado Pago, eBay, Stripe and Booking Holdings in withdrawing from the controversial project — and is the first company to exit after the Libra Association was formed in October last year, coindesk reported on Tuesday.

The companies left owing to concerns about heightened regulatory scrutiny.

“We can confirm that Vodafone is no longer a member of the Libra Association. Although the makeup of the Association members may change over time, the design of Libra’s governance and technology ensures the Libra payment system will remain resilient,” the Libra Association said in a statement.

“The Association is continuing the work to achieve a safe, transparent, and consumer-friendly implementation of the Libra payment system.”

Despite top-notch firms pulling out, Facebook and 20 partner organisations formally joined the digital currency Libra project in Geneva in October.

The Libra Association said that more than 1,500 entities have expressed an interest in joining the digital currency project.

facebook, servicefriend, startup, cryptocurrency, libra
Representations of virtual currency are displayed in front of the Libra logo in this illustration picture. VOA

Several US senators have opposed Facebook’s digital coin, arguing that the social networking giant has been irresponsible with user data privacy. They have even called the digital cryptocurrency Libra “delusional” and “dangerous”.

Facebook CEO Mark Zuckerberg testified before Congress in October about Libra, defending the idea, but acknowledging the struggles left to overcome.

Libra has failed in its current form, according to the President of Switzerland.

Also Read: Digital Transactions in Delhi-NCR Grew by 235% Last Year: Razorpay

In a media interview, Swiss President and Finance Minister Ueli Maurer stated that Libra does not have a chance of being successful “because the basket of currencies that is deposited in this currency is not accepted by the national (central) banks”.

“The project in this form has actually failed,” Maurer was quoted as saying.

The Libra project, which is still in development, aims for the launch of its first version this year. (IANS)