Washington: In their first appearance before Congress since Trump supporters stormed the US Capitol, the chief executives of Facebook, Google and Twitter were asked by US lawmakers whether their platforms bore some responsibility for the riot: “yes or no?”
Social media has been widely blamed for amplifying calls to violence and spreading misinformation that contributed to the January 6 attempt to violently overturn the election results.
Only Twitter CEO Jack Dorsey replied “yes” to the question, but said the “broader ecosystem” had to be taken into account. Sundar Pichai, chief executive of Google parent Alphabet said the company always feels a sense of responsibility but it was a complex question. Read more…..
Chart of the Day
Corporate and sovereign debt levels have actually increased a decade after the financial crisis. How prepared are financial institutions to avert another systemic shock?