Superpower Facebook needs regulation

Facebook's Initial Public Offering provides an opportunity to intensify the regulation of the company, writes the liberal weekly Die Zeit: "There are four major powers in the world right now, a US admiral recently said in Berlin: China, India, the US and Facebook. ... There's no need to talk about smashing the company yet, but resolute regulation would be a start. Regulation that forces Facebook to tell each user what the company knows about him or her. And to guarantee its users that any information the user doesn't want stored will be erased. Demands to this effect have been made for some time. But now could be a good opportunity. Stock exchanges occasionally react sensitively to public pressure. And because Facebook has long since attained the status of a global power such regulation cannot be left to national coalitions to decide but belongs on the agenda of the G20 summit of the most powerful politicians in the world."

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