The dissemination of misinformation and authoritative control through Facebook is prevalent in developing countries, where human rights abuses are committed by regimes using the platform to hunt down their opponents. The social media giant prioritizes its market share over combatting misinformation in these regions, putting lives at risk.
The power of social media giants like Google and Facebook has started to look like the hubris of a government or the banking industry. The decisions made by these gatekeepers are starting to prioritize their own interests over the interests of the general public, making it important to find alternatives inside the internet that are not controlled by social networks.
The US was once a conformist society that was able to exert strong top-down control, but it may not be able to follow in China's steps in terms of pandemic response. Additionally, the state may crack down harder on crypto, but its global reach will still offer great potential.
The podcast discusses the need for technology companies to implement an early warning system to review and moderate content to prevent it from escalating to a point where it impacts individual civil liberties.
The guest on the podcast sheds light on how China's approach to intellectual property theft and lack of societal trust have resulted in significant problems across industries, including technology and media. They argue that there is a need to balance protecting intellectual property with maintaining a thriving society and economy.
The SEC has proposed a new rule that would require institutional investment managers with investment discretion over short positions to report on the proposed form SHO information related to end of month short positions and certain data to be affected in such short positions, in order to maintain public transparency of the data.