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By mid-2012, the very nature of the digital economy was in the midst of a tectonic shift. A dominant business model for online companies was to provide free service to users in return for their information, which was used to attract advertisers, app makers and other business opportunities.
In meantime, the Federal Trade Commission (FTC) started increasing the pace and scope of its actions. It initiated swift action against some of the biggest social media companies and internet companies, including Facebook, Twitter, and Google, and recommended baseline privacy legislation and more stringent industry self-regulation.
The FTC and other regulators face the issue of balancing protecting the privacy of individual end users without stifling innovation in one of the brightest sectors of the economy. Should the regulators step in with binding regulations or should they trust the online industry to regulate itself? What amount of intervention is the right amount?
Cyberlaw, Government Law, Privacy and Consumer Data Law
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