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Round-up on compliance issues with online platforms: Facebook

This is the second in a series of six posts on compliance issues with various online platforms.  Last week’s post was about YouTube.  Today’s post will be about Facebook.  Next week’s post will discuss Instagram.  The fourth post in the series, on March 29, will focus on Twitter.  The fifth post, on April 5, will be about Snapchat.  On April 12, the sixth and final post in the series will discuss Reddit.

The online social media site Facebook was created in 2004 and in the following years has become one of the most well-known online platforms. Facebook was originally created as a social networking service by and for Harvard University students and then expanded to the broader Ivy League and then general university community before opening up in 2006 to all users who meet the local minimum age requirement.  Since 2012, Facebook has been publicly-listed on the NASDAQ stock exchange.

Facebook’s rise to extreme popularity coincided with the disruptive innovations in Internet-enabled devices other than traditional computers, such as smartphones and tablets. Therefore as the site grew its user base it became an immersive and highly-engaging platform for people to share a wide variety of personal information, partake in social interactions, upload media such as photos or videos, and participate in community-based activities organized by profession, background, and interests.

Because Facebook is one of the most prominent companies in the social media field, the technology industry, and by now also the world in general, it has been the subject of comprehensive media coverage and commentary.  This is especially true with highlights on its more controversial aspects and practices. Privacy, data collection and usage, dissemination of false or abusive content, and the social and psychological impact of addictive technology features on users are just some of the issues on which Facebook has been criticized, challenged, and pressured toward taking action to repair its practices and standards.  On all of these topics and more, there are many ongoing developments with regards to Facebook’s activities that are interesting from a compliance and ethics point of view.

Check back next Thursday for the next post in this series, which will focus on Instagram.

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