Facebook is ramping up its calls for government regulation of social media companies, which could give the company a leg up on its competitors.
Testifying at a March 25 House Energy and Commerce Committee hearing, Facebook CEO Mark Zuckerberg signaled his support for a number of legislative changes that would make social networking sites liable for illegal or illicit content published on their platforms. The proposed changes would increase the barrier to entry for new social media companies attempting to compete with Facebook by requiring them to build up units akin to Facebook’s Security and Safety teams that police misinformation……
And on that subject:
Is it more likely that Jeff Bezos supports an increase in corporate taxes & minimum wage bc he’s such a nice guy, or bc he knows his competitors can’t afford the additional costs?
— Sal the Agorist (@SallyMayweather) April 11, 2021