Lobbyists Want Fair Trade Regulation Of Facebook

A watchdog group wants to see fair trade regulations imposed upon Facebook.

Lobbyist group and watchdog the Center for Regulatory Effectiveness wants the Federal Trade Commission to impose trade regulations upon Facebook, Twitter and Google.

According to the CRE, the FTC has the authority to ban acts or practices that cause “substantial injury to consumers which is not reasonably avoidable by consumers themselves and not outweighed by countervailing benefits to consumers or to competition.”