The $120-billion reason we can’t expect Facebook to police itself
https://www.vox.com/business-and-finance/2018/7/28/17625218/facebook-stock-price-twitter-earnings
Wall Street just showed us why it’s ridiculous to expect Facebook and Twitter to self-regulate.
This week, we got a glimpse of why tech giants like Facebook and Twitter appear so reticent to clean up their platforms. As they face increasing scrutiny from the media, users, and regulators in Europe and the United States over privacy, how they police their sites, and fake news, expecting them to self-regulate is a demanding ask: even minimal efforts to address issues with their platforms, or just the threat of them, garnered an enormous backlash from Wall Street.
The $120-billion reason we can’t expect Facebook to police itself
Jul 28, 2018, 6:18pm UTC
https://www.vox.com/business-and-finance/2018/7/28/17625218/facebook-stock-price-twitter-earnings
> Wall Street just showed us why it’s ridiculous to expect Facebook and Twitter to self-regulate.
> This week, we got a glimpse of why tech giants like Facebook and Twitter appear so reticent to clean up their platforms. As they face increasing scrutiny from the media, users, and regulators in Europe and the United States over privacy, how they police their sites, and fake news, expecting them to self-regulate is a demanding ask: even minimal efforts to address issues with their platforms, or just the threat of them, garnered an enormous backlash from Wall Street.