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How the 'Project X'-Riot in Haren, The Netherlands, Could Cost Facebook Dearly


Will Facebook face tighter restrictions in the eurozone?

There is deep concern by The Netherlands and other countries of the European Union about Facebook's role in this Project X-party:
  • The fact that it is so easy to make a mistake like Merthe did: The tag, indicating a private party, is always switched "off" and must be switched on manually
  • The fact that such a mistake cannot be undone anymore: Pandora's Box is opened and cannot be closed
  • The fact that earlier this year Project X-parties, fueled by Facebook, took place in Germany, Australia, and the US, causing (smaller) riots and damage.
  • Facebook's silence on the matter is increasing the concern.
Therefore, I would not be surprised when the European Union within a few months announces new regulations, forcing Facebook to change its controversial settings, like the "private" party tag and compelling it to enter into dialogue with authorities.

What might be a bad omen for Facebook is the fact that the Dutch European Commissioner for Telecom and Internet Business is the no-nonsense Neelie Kroes, the former European Commissioner for Competition.

[Editor's note: This article originally appeared on Minyanvilles blog section.]
No positions in stocks mentioned.

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