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Are We Entering a New Era of Social Media Regulation?

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Are We Entering a New Era of Social Media Regulation?

Image: MicroStockHub / Getty Images. Article by Dipayan Ghosh. Harvard Business Review – January 14, 2021.

Summary. The violence at the U.S. Capitol — and the ensuing actions taken by social media platforms — suggest that we may be at a turning point as far as how business leaders and government bodies approach social media regulation. But what exactly will this look like, and how will platforms balance supporting free speech with getting a handle on the rampant misinformation, conspiracy theories, and promotion of fringe, extremist content that contributed so significantly to last week’s riots? The author argues that the key is to understand that there are fundamental structural differences between traditional media and social media, and to adapt approaches to regulation accordingly. The author goes on to suggest several areas of both self-regulation and legislative reform that we’re likely to see in the coming months in response to both recent events and ongoing concerns with how social media companies operate. […]

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