A European lawmaker has called for updated regulation on Facebook and other social networks after a trove of revelatory emails was released by the British Parliament.
Internal documents made public Wednesday by Britain's digital, culture, media and sport committee showed senior executives at Facebook — including CEO Mark Zuckerberg — discussing the prospect of charging developers for access to user data and shutting off competitor Vine's access to the data.
Claude Moraes, a member of the European Parliament representing the U.K.'s Labour party, said in response to the news that the European Commission, the executive arm of the European Union, should revamp its competition rules to probe the "possible monopoly" of social media giants and to "audit the advertising industry on social media."
"In the European Parliament, we have repeatedly raised concerns about the manipulation of online data and have made clear that competition law is crucial to make sure that the dominant players are accountable and that democracy is protected from excessive market power," Moraes told CNBC in an emailed statement Thursday.
He added: "Facebook is now on notice that we cannot continue to undermine the trust citizens place, not only in our online platforms, but our democracy itself. Action must be taken to protect our elections and citizens' right to private life, and if Facebook doesn't like it then they should know that we don't like interference and disruption of our elections either."