Facebook CEO Mark Zuckerberg

Is Facebook’s FTC fine the tip of the iceberg?

Eoin Hudson News, Opinions

TL;DR – Yes.

Hyperproof summary: following a pending FTC fine of $3 – $5 billion, Facebook is looking at a barrage of lawsuits, potential regulation, and heightened restrictions. Challenges come from home, but as outlined in last Friday’s post, most are from outside the U.S.

The broader implication: while the fines will make headlines, the regulations will be the most disruptive, causing a ripple effect to the company’s partners and customers. Restrictions on data collection, for example, could significantly impact their value as an advertising platform.

The 30,000 foot view: as goes Facebook, so goes the industry. Massive companies like Facebook and Google are the first targets, not the last. They’re the canary in the coal mine. Companies should be paying attention to what’s happening to them in the U.S. and abroad and use it as a compliance road-map.

 

Click here for full details on the Facebook’s potential ongoing challenges