LONDON—A U.K. parliamentary committee rebuked Facebook Inc. in a new report that calls for regulation and intensified scrutiny of social-media companies. The report urged a compulsory code of ethics for technology companies to deal with harmful or illegal content on their sites. It also called for the creation of an independent regulator that has the power to launch legal action against companies in breach of the code that could result in hefty fines.

Source: Wall Street Journal February 18, 2019 00:00 UTC