Facebook said in a statement on Saturday that, “by updating the rules for the internet, we can preserve what’s best about it.” The company added, “We want to work with governments and policymakers to design the sort of smart regulation that fosters competition, encourages innovation and protects consumers.”
Facebook is the centerpiece of a broader reckoning facing the tech industry, with governments beginning to collaborate in their response. The European Commission has shared information with the F.T.C. and the Justice Department about its past investigations into Google. And this spring, Ireland’s top privacy regulator, who has been investigating Facebook and Google, met with officials in Washington.
In May, an annual meeting of antitrust regulators from around the world turned into a four-day strategy session focused on the tech industry. Joseph Simons, the head of the F.T.C., and Makan Delrahim, the assistant attorney general overseeing antitrust at the Justice Department, were among those who attended the event in Colombia.
“It’s good news that the U.S. agencies are diving into this discussion,” said Andreas Mundt, Germany’s top antitrust enforcer, who helped organize the meeting and in February issued one of the first antitrust rulings against Facebook. “It’s clear these are companies that are active worldwide and thus a worldwide approach is not a bad idea.”
Mr. Mundt and other regulators believe that actions against Facebook and its industry peers must go beyond fines. Instead, many authorities want to force structural changes to how the businesses operate — like their collection of data and sale of digital advertising.
After the F.T.C. decision, Facebook’s next sanctions are expected to come from Europe, where the authorities have traditionally been more assertive against the tech industry than American regulators.
Ireland’s data-protection office has 11 investigations underway against Facebook for violations of European privacy law, the General Data Protection Regulation, or G.D.P.R. (Ireland has jurisdiction over Facebook under the privacy law because the company’s European headquarters is in Dublin.) At least two verdicts against the company are likely in the coming months.
Get more stuff like this
Subscribe to our mailing list and get interesting stuff and updates to your email inbox.