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Regulation Of Social Media ‘Inevitable,’ Zuckerberg Tells Parliament

Facebook CEO Mark Zuckerberg testifies before a joint hearing of the US Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee on Capitol Hill, April 10, 2018 in Washington, DC. Zuckerberg.   Photo Credit: JIM WATSON / AFP

 

Facebook Chief Executive, Mark Zuckerberg, said Wednesday that regulation of social media companies is inevitable, but warned that rules could also hamper the industry’s growth.

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“The internet is growing in importance around the world in people’s lives, and I think that it is inevitable that there will need to be some regulation,” he told a hearing in Congress.

“But I think you have to be careful about putting regulation in place. A lot of times regulations put in place rules that a company that is larger, that has resources like ours, can easily comply with, but that might be more difficult for a smaller startup company.”

AFP

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