'Wild West' era for technology firms like Facebook and Google is over, minister declares

The 'Wild West' era for technology firms like Facebook and Google is over, the Cabinet minister responsible for overseeing them declares today.

Silicon Valley giants face much greater regulation to control their use of people's data and ensure they cannot avoid being properly taxed, Matt Hancock warns.

The Secretary of State for Digital, Culture, Media and Sport's comments were made in an interview for Technology Intelligence, a new initiative from the Telegraph dedicated to covering the increasingly important world of technology. 

In the first of a five part series examining Britain's burgeoning technology industry, Mr Hancock says that the world’s biggest companies must accept increasing regulation...