>Can someone explain the difference. I don't think it's solely based on govt vs private industry doing the control. It's pretty much just that, particularly wh

>Can someone explain the difference. I don't think it's solely based on govt vs private industry doing the control. It's pretty much just that, particularly when it comes to political advertising. Regulatory bodies operate with the full oversight of government and the courts; if they make poor decisions, they can be held accountable. Facebook are already frighteningly powerful and deputising them to be arbiters of truth only makes them more powerful. Facebook should absolutely have mechanisms in place to facilitate swift and effective intervention by regulatory agencies, but they shouldn't be acting as a regulatory agency themselves.