Hello and welcome to Business Daily. I'm Jane Wakefield, and today we're asking what a former

Facebook insider makes of the continued fallout from the data scandals which have rocked the tech

giant and what he thinks chief executive Mark Zuckerberg needs to hear.

I believe that Mark is idealistic, but that his idealism includes an element of thinking he's given the world a gift and that we're not sufficiently appreciative.

We'll also get the view from one member of Parliament here in the UK who has put privacy at the heart of his agenda.

I think he believes in a world where everyone's data is, well, it's not open.

Actually, everyone's data belongs to him.

A connected world where all of the data belongs to Facebook and exists within a Facebook World Garden.

And that is, I think, quite a dangerous thing.

Zuckerberg, data and the ongoing debate over regulation.

Business Daily on the BBC World Service.

Once upon a time, not so long ago, Facebook seemed like it had the world at its feet,

a social network of a billion-plus users, a business model that made lots and lots of money, and a leader, Mark Zuckerberg,

who was rumoured to have presidential ambitions. Then the Cambridge Analytica scandal broke,

and the news that millions of people's data could have been harvested and used for political

marketing based on their Facebook likes led users, politicians and regulators to step back and

question what they thought they knew about the social network. Questions were asked about

whether Facebook's business model was to blame for the fact that a personality quiz taken by just

270,000 people could go on to accumulate the data of 87 million.

Drawing back the covers has not been pretty and the ramifications have been felt throughout the industry.

This summer, Facebook was issued with a record $5 billion fine from the US Federal Trade Commission

for its role in the Cambridge Analytica scandal

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