{"id":5978,"date":"2019-02-19T16:34:15","date_gmt":"2019-02-19T16:34:15","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=5978"},"modified":"2019-09-06T19:21:00","modified_gmt":"2019-09-06T18:21:00","slug":"facebook-digital-gangsters","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/02\/facebook-digital-gangsters\/","title":{"rendered":"Facebook Accused of Behaving Like \u2018digital gangsters\u2019"},"content":{"rendered":"<h1 style=\"text-align: left;\"><\/h1>\n<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">2 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5979 size-full\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters.jpg\" alt=\"Facebook Accused of Behaving Like \u2018digital gangsters\u2019\" width=\"800\" height=\"371\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters-300x139.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters-768x356.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters-370x172.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters-760x352.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters-424x197.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/>\n<span style=\"font-weight: 400;\">UK parliamentary commission has accused Facebook to act as a &#8221;digital gangsters&#8221;. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">After 18 months, 73 witnesses, 4,350 questions, and innumerable hours of testimony, British lawmakers presented a finding on Facebook&#8217;s year. Direct from hell.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A report from this UK body has taken direct aim at Facebook CEO Mark Zuckerberg, accusing him of &#8220;contempt.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A UK parliamentary committee published a report on Monday, 02\/18\/2019, accusing Facebook of putting profit over privacy, misleading lawmakers, and being a &#8220;digital gangster&#8221; that considers itself above the law.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">British politicians also said democracy was &#8220;at risk&#8221; from foreign countries trying to influence UK elections through social media ads.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The new report by British lawmakers is brutal to Facebook and it&#8217;s CEO Mark Zuckerberg. They said that Facebook &#8220;intentionally and knowingly&#8221; obstructed U.K. data privacy and anti-competition laws. And that&#8217;s why it urgently needs to be regulated and investigated.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/facebook-digital-gangsters\/#Facebook_has_shown_the_arrogant_and_dishonest_face\" >Facebook has shown the arrogant and dishonest face.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/facebook-digital-gangsters\/#This_was_however_not_the_only_reason_why_British_politicians_accused_Facebook_of_behaving_like_%E2%80%9Cdigital_gangsters%E2%80%9D_in_the_online_world\" >This was, however, not the only reason why British politicians accused Facebook of behaving like &#8220;digital gangsters&#8221; in the online world.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/facebook-digital-gangsters\/#Some_people_trust_what_they_find_there\" >Some people trust what they find there.<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Facebook_has_shown_the_arrogant_and_dishonest_face\"><\/span><b>Facebook has shown the arrogant and dishonest face. <\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Mark_Zuckerberg\">Mark Zuckerberg<\/a> refused to present himself to the committee. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To cite the report: <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cFacebook seems willing neither to be regulated nor scrutinized\u2026 <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Facebook intentionally and knowingly violated both <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/privacy-google\/\">data privacy<\/a> and anti-competition laws \u2026 <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We consider that data transfer for value is Facebook\u2019s business model and that Mark Zuckerberg\u2019s statement that \u2018we\u2019ve never sold anyone\u2019s data\u2019 is simply untrue.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the 108-page document, lawmakers called for the making of an independent regulator for social media sites and a mandatory <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/facebook-blockchain\/\">code<\/a> of conduct that. If someone breaches it, their suggestion is &#8211; &#8220;large fines.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mark Zuckerberg continually refuses to show the leadership and personal responsibility that should be expected from someone who sits at the top of one of the world&#8217;s biggest companies, says the committee.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Damian Collins, chair of the committee, said on the committee&#8217;s website: &#8220;Mark Zuckerberg continually fails to show the levels of leadership and personal responsibility that should be expected from someone who sits at the top of one of the world&#8217;s biggest companies.&#8221;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"This_was_however_not_the_only_reason_why_British_politicians_accused_Facebook_of_behaving_like_%E2%80%9Cdigital_gangsters%E2%80%9D_in_the_online_world\"><\/span><b>This was, however, not the only reason why British politicians accused Facebook of behaving like &#8220;digital gangsters&#8221; in the online world.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">&#8220;Companies like Facebook should not be allowed to behave like &#8216;digital gangsters&#8217; in the online world, considering themselves to be ahead of and beyond the law,&#8221; the report said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We are open to meaningful regulation and support the committee&#8217;s recommendation for electoral law reform,&#8221; Karim Palant, Facebook UK public policy manager, was quoted as saying by The Guardian.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, something has to be noted, the problem is bigger than just one company. Google and YouTube, which are barely mentioned in the report, play almost as important a role in the dissemination of misinformation online. And they are happy to profit from it. As the information commissioner, Elizabeth Denham has warned, we are now being sold political ideas online with the same techniques that are used to sell shoes and holidays. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buying the wrong ideas is less obvious than the pain of old-fashioned shoes. The political sale is much more easily made.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is a paradox of the amazing effectiveness of Facebook and YouTube when it comes to the distribution of ideas. <\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Some_people_trust_what_they_find_there\"><\/span><b>Some people trust what they find there. <\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The online channels, seem to offer intimacy to their users. But this fake intimacy is, in reality, a place where people can be more manipulated than ever before. Well, the advertisers know much more about us than they could before we entered it.<\/span><br \/>\n<span style=\"font-weight: 400;\">But, Facebook wants you to know that it is turning. Its ads tell you so. Its PR hires tell you so.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;While we still have more to do, we are not the same company we were a year ago,&#8221; Karim Palant, U.K. public policy manager at Facebook, said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the report requests for significant changes to the way the UK regulates its elections and technology, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Stricter rules that will force tech firms to take down illegal content on their site<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A code of ethics that defines &#8220;harmful content&#8221;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">An independent regulator to oversee enforcement of that code<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">New laws around political advertising online<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The UK Culture Secretary Jeremy Wright will head to the US this week to meet with the heads of major tech firms, including Zuckerberg. Wright wants to talk about dangerous content online.<\/span><\/p>\n<p><a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/money-risk-trading\"><b>risk disclosure<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2 min read UK parliamentary commission has accused Facebook to act as a &#8221;digital gangsters&#8221;. After 18 months, 73 witnesses, 4,350 questions, and innumerable hours of testimony, British lawmakers presented a finding on Facebook&#8217;s year. Direct from hell. A report from this UK body has taken direct aim at Facebook CEO Mark Zuckerberg, accusing him [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1010,1004],"tags":[781,782,115,360],"class_list":["post-5978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-overviews","category-latest-financial-news","tag-british-lawmakers","tag-digital-gangsters","tag-facebook","tag-mark-zuckerberg"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Facebook is accused to act like a &quot;digital gangsters&quot;<\/title>\n<meta name=\"description\" content=\"UK parliamentary commission has accused Facebook to act as a &#039;&#039;digital gangsters&#039;&#039;. 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