Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

European politicians call for Facebook investigation after whistleblower revelation

Published 10/04/2021, 09:59 AM
Updated 10/04/2021, 11:26 AM
© Reuters. FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration//File Photo/File Photo

BRUSSELS/STOCKHOLM (Reuters) - Two members of the European parliament have called for an investigation into allegations by a whistleblower that Facebook (NASDAQ:FB) prioritised profits above the public good.

The whistleblower, Frances Haugen, who had worked as a product manager on the civic misinformation team at Facebook, shared internal documents with newspapers and attorneys general from several U.S. states.

A statement from European Parliament lawmakers said they were requesting further investigations into the revelations.

"The Facebook Files – and the revelations that the whistleblower has presented to us – underscores just how important it is that we do not let the large tech companies regulate themselves," said Danish lawmaker Christel Schaldemose.

Schaldemose is the lead rapporteur for the Digital Services Act, announced by the European Commission in December last year that requires tech companies to do more to tackle illegal content.

"The documents finally put all the facts on the table to allow us to adopt a stronger Digital Services Act," Alexandra Geese, a German lawmaker at the European parliament, said.

"We need to regulate the whole system and the business model that favours disinformation and violence over factual content – and enables its rapid dissemination," she said.

Both Geese and Schaldemose said they are in touch with Haugen.

A Facebook spokesperson said: "Every day, we make difficult decisions on where to draw lines between free expression and harmful speech, privacy, security, and other issues."

"But we should not be making these decisions on our own ... we've been advocating for updated regulations where democratic governments set industry standards to which we can all adhere."

European Union regulators have been considering whether all online platforms, or only larger ones or those at particular risk of exposure to illegal activities by their users, should be subjected to take-down notices, and how prescriptive these should be.

"Our position is clear: the power of major platforms over public debate and social life must be subject to democratically validated rules, in particular on transparency and accountability," an European Commission spokesperson said when asked about the allegations against Facebook.

© Reuters. FILE PHOTO: Facebook logo in 3D in front of the EU flag, May 15, 2015.  REUTERS/Dado Ruvic

Tech companies have said https://www.reuters.com/article/us-eu-tech-regulations-idUSKBN22W2Q7 it was unfair and not technically feasible for them to police the internet. The current EU e-commerce directive says intermediary service providers play a technical, automatic and passive role.

Haugen will testify before an U.S. Senate subcommittee on Tuesday, and is expected to speak at the Web Summit conference in Portugal in early November.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.