5 ways Congress could regulate Facebook

VentureBeat -

VentureBeat—Over the course of two days and 10 hours of testimony, Facebook CEO Mark Zuckerberg was grilled by members of the U.S. Senate and House of Representatives this week. While questions about the Cambridge Analytica scandal and misuse of the personal data of tens of millions of U.S. citizens were what brought him there, many […]

The Peltzman model: a way to understand the kind of regulation Facebook might face from Congress. Sam Peltzman proposed a model of regulation where the profitability of firms is in tension with their customers' desire for low prices and politicians' desire to get votes. (more…)