Cambridge Analytica is a British political consulting firm. In March, allegations broke that CA obtained private information from an estimated 50 million Facebook users without their permission. This data was then shared with third parties, including Donald Trump’s presidential campaign during the 2016 US Presidential Elections. The issue has raised concerns about privacy in the age of Big Data, and has sparked calls to increase the regulatory oversight over firms like Facebook.
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Like any other normal business that gets out of hand... Its time to regulate.
In the same way that the European Union has begun to protect users' data rights with General Data Protection Regulation (GDPR), it is time for the US to regulate big tech as well. Data rights and privacy must be protected by the state.
A state can impose restrictions on social network that has become de-facto a public service. Imposing constraints on the usage by the company of personal data must be part of it.
It is difficult to impose constraints on a global company. Regulations such as GDPR are restricted to European Community members. An organization can easily cricumvent such regulations for instance by relocating his head-quarter to a complacent country.