Stock Groups

Social media users could disable algorithms in new U.S. proposal -Breaking

[ad_1]

2/2
© Reuters. FILEPHOTO: A woman holds a smartphone bearing the Facebook logo, in front of an illustration showing Facebook’s newly rebranded logo Meta. This picture was taken on October 28, 2021. REUTERS/Dado Ruvic/Illustration

2/2

WASHINGTON, (Reuters) – A bipartisan group of legislators in the U.S. House of Representatives introduced a bill that requires internet platforms such as Meta (NASDAQ;) and Alphabet’s Google (NASDAQ:), to permit users to view content other than what is chosen by algorithms.

Reps. Ken Buck (a Republican) and David Cicilline (a Democrat), introduced the legislation. It would force big internet platforms, which are not directed by algorithms to consumers, to provide information to customers, thereby putting them out of what they called the “filter bubble.”

Cicilline, the House Judiciary Committee’s Antitrust Panel chairperson, is Buck the top Republican. Last year, the big report by this panel was unveiled. The major criticism of big tech companies such as Amazon (NASDAQ 🙂 and Apple(NASDAQ 🙂 was sharply expressed.

The House measure acts as a companion bill to the June Senate bill. The other one is bipartisan.

Buck stated in a statement that consumers should be able to interact with online platforms without being controlled by secret algorithms powered by personal data.

A slew of antitrust laws is available to big technology platforms.

Recently, Senator Amy Klobuchar (a Democrat, who heads the Senate Judiciary Committee’s antitrust panel), and Republican Tom Cotton presented a bill to make it easier for government officials to block deals that violate antitrust laws. It’s normally the responsibility of the government to prove that any transaction is illegal or would increase prices.

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this website’s data including quotes, charts, or buy/sell signal information. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]