FTC Settlement with Facebook Highlights Importance of Self-Regulation

November 29, 2011

WASHINGTON- In response to the FTC settlement with Facebook, ITIF Senior Analyst Daniel Castro issued the following statement:

"The latest action from the FTC highlights the fact the U.S. has a healthy self-regulatory system in place that protects consumers while still allowing for innovation. Most of the concerns presented to the FTC in this inquiry have long since been resolved to the satisfaction of all parties. Moreover, Facebook has developed a consistent track record of responding to privacy concerns by users and regulators and it continues to release new features to give consumers more control over their data. Rather than impose heavy-handed regulations or engage in expensive and unproductive litigation, policymakers should continue to work in partnership with the private sector to balance privacy with innovation."

For more background, see the following ITIF publications:




The Information Technology and Innovation Foundation (ITIF) is a Washington, D.C.-based think tank at the cutting edge of designing innovation strategies and technology policies to create economic opportunities and improve quality of life in the United States and around the world. Founded in 2006, ITIF is a 501(c)(3) nonprofit, non-partisan organization that documents the beneficial role technology plays in our lives and provides fact-based analysis and pragmatic ideas for improving technology-driven productivity, boosting competitiveness, and meeting today's global challenges through innovation. For additional information, visit ITIF at www.itif.org or contact Daniel Castro at (202) 626-5742 or dcastro@itif.org

Contact: Samantha Greene
Email: sgreene@itif.org
Phone: (202) 626 5744