Re:House Democrats to propose ban on lawmaker stock trading ...
by smaryjerry on Thursday July 28, 2022 @04:03PM
(#32269449)
I mostly agree but there isn’t really such a thing as beneficial regulation for tech companies. No rules is always the cheapest and easiest to implement. For example, why would a company even bother with disinformation in the first place if it wasn’t required by the government? You could argue for social reasons or say if you wanted your website to be like Wikipedia, that it serves some purpose, however trying to turn Facebook into Wikipedia seems like a gross misstep.
It's convenient to blame money in politics, but if that were the case, Congress would at least get something done. For example, Facebook, despite being one of the most heavy lobbying spenders, has spent even more money establishing their content Oversight Board. If they could actually buy politicians, we'd have more regulation that happens to benefit big tech. Both the Republican solution of not allowing social media companies to censor content and the Democratic solution of creating more rules for moderate disinformation are beneficial to Facebook because they can offload some of the responsibility of moderation to the government.