• Describe an action a regulatory agency took against a business in the past 6 months. Post a link to your source. Do you agree or disagree with the action? Explain your reasoning and support it with the materials from this week.

Answer preview

The Facebook founder and CEO Mark Zuckerberg has testified before the Congress due to the scandal and revelations about the role of the platform during the 2016 presidential campaign in the way Russian disinformation was disseminated (Stewart, 2018). The company is also facing another scandal on user privacy and security of the data. Though regulating Facebook is a more complicated act, Europe is taking some significant steps in clamping down on Facebook. The Federal Trade Commission is investigating the misuse of personal information which involved sharing of data from millions of users. The issue is whether Facebook has violated a 2011 consent decree with the Federal Trade Commission over deceiving consumers about their privacy. If Facebook is found guilty of violating the FTC agreement, it could face penalties regarding fines, but FTC would need to go through the Justice Department to pursue a civil penalty (Stewart, 2018).(388words)