Facebook could be facing a ‘Big Tobacco’ reckoning

Facebook’s leaders have come beneath hearth for selecting revenue over well being, drawing comparisons to Big Tobacco. On “Reliable Sources” Sunday, CNN chief media correspondent Brian Stelter requested if this scandal is totally different from others the tech firm has confronted.

“Is it prudent to have one person in his 30s have so much unquestioned influence over an institution like this?” James Fallows, writer of “Breaking the News” and contributor to the Atlantic requested on “Reliable Sources” Sunday.

“Their top policy executive is blanketing Sunday shows,” Axios media reporter Sara Fischer mentioned of a number of interviews with Facebook’s head of worldwide communications, Nick Clegg. “That never happens.”

Facebook’s inventory has dropped greater than 12% since early September, signaling a “reputational change” for the corporate.

“I never see the stock take a prolonged dip like that in response to this sort of political news,” Fischer mentioned.

As he has achieved in prior interviews, Clegg denied that Facebook had any duty for inciting or selling the Jan. 6 revolt on the US Capitol.

An inner Facebook memo leaked to Buzzfeed in April revealed how the corporate failed to forestall a “Stop the Steal” group from undermining the 2020 presidential election outcomes and selling the Jan 6. riot.

On CNN’s “State of the Union” Sunday, Clegg claimed that eradicating the algorithms would unfold extra misinformation and hate.

“Given we have thousands of algorithms and millions of people using this, I can’t give you yes or no answer to the individual personalized feeds that each person uses,” Clegg mentioned.

Facebook will now ban the sale of protected Amazon rainforest land on Marketplace
Clegg did trace that Facebook (FB) would possibly be open to laws requiring parental consent for kids beneath 16 to make use of social media, saying there’s “nothing more important than our kids.”

“If lawmakers want to set down rules for us and for TikTok and for Youtube and for Twitter about exactly how young people should operate online, we’ll of course abide by the law,” Clegg mentioned. “I think it’s right that this is a subject of great bipartisan interest and discussion.”

Clegg additionally mentioned he supported rules that may permit entry to the corporate’s algorithms and a change to part 230, which shields social media firms from legal responsibility for content material on their platforms.

“You can’t design regulation that intervenes in real-time in the way that human beings interact every millisecond of the day with those multitude of algorithms,” Clegg mentioned, “but I think in term of transparency, of course, yes.”

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Reforming or eliminating Section 230 protections have been beneath debate because the Biden administration is cracking down on misinformation on these platforms.

“The way to perhaps change Section 230, my suggestion, would be to make that protection, which is afforded to online companies like Facebook, contingent on them applying the systems and their policies as they’re supposed to,” Clegg mentioned. “And if they fail to do that, they would then have that liability protection removed.”

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