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

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Will Facebook face tighter restrictions in the eurozone?

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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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