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Congressional debate emerges: How to regulate social media

Joe Mont | September 6, 2018

On Thursday, one day after executives from Facebook and Twitter testified before Congressional panels, there was a not-surprising drop in sector-wide stock prices.

It was a likely shareholder reaction to the idea that the world’s biggest social media companies were on a collision course with increased regulation.

During her testimony before the Senate Intelligence Committee, Facebook COO Sheryl Sandberg conceded as much. The question, she said, may no longer be “if,” but “what” rules make the most sense.

That discussion, at its core, was somewhat obfuscated by the many side shows surrounding the day of testimony.

Marco Rubio (R-Fla.) and conspiracy monger Alex Jones nearly came to blows in a hallway. Conservative protestors, amplifying questionable claims by President Trump, accused social media companies and their algorithms of censoring and obscuring right-wing commentary. Alphabet, Google’s parent company, refused to send its CEO.

As expected,...

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