Kenneth Corbin writes:
Representatives of some of the leading social sites on the Web today urged federal regulators to resist calls to establish heavy-handed rules that would set limits on the use of consumer data on social networks, warning that far-reaching regulations would threaten to choke off a fast-growing sector of the digital economy.
The Federal Trade Commission continued its inquiry into the privacy implications of online marketing and data collection at a day-long forum at the University of California, Berkeley, hearing from privacy advocates and members of industry as it mulls new regulations.
“Regulation that’s a one-size-fits-all will fail,” said Erika Rottenberg, general counsel at LinkedIn. “There is self-regulation that is going on.”
Read more on eSecurity Planet.
Social networking sites = out of control