I don't think we really need more regulations in this area. There is already a bunch of privacy related laws on the books.
Plus using data to improve the user experience, recommendations(YouTube, Netflix), targeted ads seems pretty neat(I prefer ads about tech products, my interests compared to makeup or pads). The products get better and improve. Facebook doesn't sell your information, they let advertisers use it to target you. Probably more profitable to let companies use the data instead of selling it.
Companies like LexisNexis and Acxiom are the ones I'd be really worried about. Some states DMV's even sell databases. I'd be more worried about them, Google and Facebook are way better corporate citizens than these mega databroker companies would be. At least Google and Facebook you can opt-out of. LexisNexis, good luck opting-out. Last time I checked only law enforcement who fear they are in danger can opt-out.
Regulations are what kills innovation. Probably since the government has mainly left the internet alone is probably why it's one of the most innovative industries. Imagine having to read a 300 page 2 column paged document and wait on a lengthly process before you are even allowed to put up even a blog.
Then all of this talk lately about "fake news" just seems like censorship. I am worried that some day the internet will be over regulated and censored it will be just like cable television at some point.
Plus using data to improve the user experience, recommendations(YouTube, Netflix), targeted ads seems pretty neat(I prefer ads about tech products, my interests compared to makeup or pads). The products get better and improve. Facebook doesn't sell your information, they let advertisers use it to target you. Probably more profitable to let companies use the data instead of selling it.
Companies like LexisNexis and Acxiom are the ones I'd be really worried about. Some states DMV's even sell databases. I'd be more worried about them, Google and Facebook are way better corporate citizens than these mega databroker companies would be. At least Google and Facebook you can opt-out of. LexisNexis, good luck opting-out. Last time I checked only law enforcement who fear they are in danger can opt-out.
Regulations are what kills innovation. Probably since the government has mainly left the internet alone is probably why it's one of the most innovative industries. Imagine having to read a 300 page 2 column paged document and wait on a lengthly process before you are even allowed to put up even a blog.
Then all of this talk lately about "fake news" just seems like censorship. I am worried that some day the internet will be over regulated and censored it will be just like cable television at some point.