Facebook Inc (NASDAQ:FB) intentionally breached data privacy and competition law and should, along with other big tech companies, be subject to a new regulator to protect democracy and citizens' rights, UK lawmakers said on Monday.
Publishing its final report on “Disinformation and ‘fake news’”, the UK parliament's Digital, Culture, Media and Sports Committee said tech firms had proved ineffective in stopping harmful content on their platforms.
The report singled out Facebook CEO Mark Zuckerberg for what it said was a failure of leadership and personal responsibility
In a statement on the committee’s website, its chairman Damian Collins said: "We need a radical shift in the balance of power between the platforms and the people."
He added: "The rights of the citizen need to be established in statute, by requiring the tech companies to adhere to a code of conduct written into law by Parliament, and overseen by an independent regulator.”
Facebook rejected the suggestion it had breached data protection and competition laws and said it shared the committee's concerns about false news and election integrity.