Facebook says it stepped in where officials failed in creating oversight board

• Asked to address calls to break up Facebook to diminish the company's power over public political speech, Clegg said, "My own view, for what it's worth, is the answer is not break up — the answer is regulation."
• "American democracy does not belong to Silicon Valley, it belongs to the American people and the people who should set the rules for how American democracy plays out," he added.
• Clegg clarified that the company's new policies on public figures regulate the incitement of violence, not lies.

"In the absence of regulation, in the absence of consensus from lawmakers on where we should draw the line, we have tried our best. ... [I]t's the first of its kind anywhere. No other Silicon Valley company has done this — this independent oversight board to hold us to independent account.

But all of that, I agree, is an inadequate surrogate for what in the long run we need, which is societal rules set by democratic process — by lawmakers, not by private companies."

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