“Even if the company has dissolved, the capabilities of the company haven’t,” he said. “My real concern is what happens if China becomes the next Cambridge Analytica, what happens if North Korea becomes the next Cambridge Analytica?” Wylie also said he believes that social media companies should, at a minimum, face regulation similar to water utilities or electrical companies — “certain industries that have become so important because of their vital importance to business and people’s lives and the nature of their scale.” In those cases, “we put in place rules that put consumers first,” he added. “You can still make a profit. You can still make money. But you have to consider the rights and safety of people.”
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“The United States is walking in the same direction as China, we’re just allowing private companies to monetize left, right and center,” Cambridge Analytica whistleblower Christopher Wylie told CNBC on Wednesday. “Just because it’s not the state doesn’t mean that there isn’t harmful impacts that could come if you have one or two large companies monitoring or tracking everything you do,” he said. CNBC reports: Wylie, whose memoir came out this week, has become outspoken about the influence of social media companies due to the large amounts of data they collect. In March 2018, he exposed the Cambridge Analytica scandal that brought down his former employer and resulted in the Federal Trade Commission fining Facebook, 15 months later, $5 billion for mishandling. While Cambridge Analytica has since shut down, Wylie said the tactics it used could be deployed elsewhere, and that is why data privacy regulation needs to be dramatically enhanced.