Elon Musk and Social Media
Well, it looks like social media is once again causing Elon Musk problems. Apparently, Elon’s tweet is less than accurate and he failed to get prior permission before tweeting it. Maybe social media use should become part of the B-School curriculum.
Prosecutors Improperly Using Facebook
Here is another example of a prosecutor using a bogus Facebook page to investigate criminal activity. Like the prosecutor from Ohio, this Pennsylvania prosecutor was sanctioned by the state bar for her social media conduct. What is interesting here is that the prosecutor was very open about her activities. Apparently, she alerted other people in her office about her fake Facebook page.
The Facebook, Inc. (“Facebook”) social network, this era’s new communications service, plays an important role in the lives of 2+ billion people across the world. Though the market was highly competitive in the beginning, it has since consolidated in Facebook’s favor. Today, using Facebook means to accept a product linked to broad-scale commercial surveillance — a paradox in a democracy. This Paper argues that Facebook’s ability to extract this qualitative exchange from consumers is merely this titan’s form of monopoly rents. The history of early competition, Facebook’s market entry, and Facebook’s subsequent rise tells the story of Facebook’s monopoly power. However, the history which elucidates this firm’s dominance also presents a story of anticompetitive conduct. Facebook’s pattern of false statements and misleading conduct induced consumers to trust and choose Facebook, to the detriment of market competitors and consumers’ own welfare
Facebook, Germany, Privacy, and Antitrust
This week Germany’s competition authority placed limitations on how Facebook could collect information on its users. Specifically, the agency said that Facebook can collect data on its own platform but needs prior permission to collect data from non-Facebook sites if the information is going to be combined. The agency also said that Facebook would need permission when combining Facebook data with information from other services owned by Facebook like WhatsApp and Instagram. The German agency based its ruling on antitrust principles finding that Facebook exploits its powerful market position by coercing users into giving up personal data.
NYTimes.com: Germany Restricts Facebook’s Data Gathering