The UK government thinks it's time for Facebook to be regulated

For the last 18 months, UK lawmakers have investigated Facebook, and it's recommended they and other social media giants be regulated.

A damning report released on Monday said after years of self-regulation, these companies were unable to protect users data and privacy, or from disinformation.

SEE ALSO: Facebook might have to pay billions of dollars in fines to FTC for privacy violations

The UK parliament's Digital, Culture, Media and Sport Committee (DCMS) final report recommended an independent regulator be set up (like UK's Ofcom or the FCC), and a compulsory code of ethics for social media companies. Read more...

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