Business Ethics and Ethical Reasoning
A regulatory agency refers to a government agency with the role of exercising authority over a specified sector or activity so that all operations are carried out per the set rules and guidelines. In this case, I consider Facebook, an online social media platform, charged with illegal data sharing.
Explanation
Mainly, Facebook is an online social media platform and a social networking service that is based in Menlo Park, Califonia, USA. Facebook reportedly got involved in illegitimate data sharing in the past six months. It is alleged that the activity involved a data science organization, Cambridge Analytica, that obtained data of approximately fifty million Facebook clients. I concur with the ongoing hearing process at the Hart Senate office.
Moreover, an identity test application obtained information for two hundred and seventy willing Facebook users. Nonetheless, it sucked up more data
on the greater part of their Facebook counterparts. It is evaluated that not a long time ago about eighty-seven million clients were affected by Facebook. It is alleged that this data was sold in the united kingdom about Cambridge Analytica firm. The firm plays a crucial role as it assists the anteroom bunches, as well as the lawmakers, to make publicity (Shan, 2018). Again, the data was as far as anybody knows offered support to the Brexit crusade and also get Trump to the Whitehouse. In that regard, Facebook is said to have known about the rupture of data since 2015. Hence, the international firm asked associations with data to erase, nevertheless failed to authorize the running of the show. The Guardian uncovered the occasion or rather the happening on account of informant Christopher Wylie of Cambridge Analytica firm. The CEO of Facebook has since then confronted a flame broiling on the account of the U.S congress.
I wholly agree with the decision made by the Cambridge Analytica firm to fine Facebook in open breach of sharing illegitimate data of Facebook users, by failing to respect the requirements that it should maintain its users’ privacy, and hence should not exceed the powers conferred on it (Shan, 2018). I believe that it is such practices by firms and social media platforms when left unpunished may lead to negative consequences since the users may lose trust with the firm and may not feel secure sharing what they feel is important to society.