CNBC’s Jim Cramer and the “Squawk on the Street” crew discuss the implications for President Trump’s draft executive order meant to increase regulation on social media companies.
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The social media executive order could make it easier for companies like Twitter, Facebook and Google to be held liable for the content posted on their platforms.
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CNBC’s Julia Boorstin on Snap’s slide after it announced it would stop promoting President Trump’s account. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso.
Snap announced Wednesday it will no longer promote President Trump’s content within Snapchat’s Discover feature.
Snap shares were down more than 2% after the announcement.
“We will not amplify voices who incite racial violence and injustice by giving them free promotion on Discover,” the company said in a statement.
“Racial violence and injustice have no place in our society and we stand together with all who seek peace, love, equality, and justice in America.”
Snap’s decision comes a week after Trump took to Twitter and Facebook to address riots in the aftermath of the death of George Floyd, saying that “when the looting starts, the shooting starts.”
“We simply cannot promote accounts in America that are linked to people who incite racial violence, whether they do so on or off our platform,” CEO Evan Spiegel said in a memo.
Trump’s exclusion from Discover, however, does not entirely remove him from Snapchat. The president’s account remains live and public, meaning users who want to follow Trump can still do so and will still see his posts.
Snap’s decision to remove Trump from Discover follows Twitter, which last week began to moderate the president by fact-checking his tweets. Twitter also flagged Trump’s tweet about looting leading to shooting, saying it breached Twitter’s policies on “glorifying violence.” In contrast, Facebook has not done anything to moderate Trump.
Trump has denied that he was intending to incite violence.
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DONALD Trump has signed an executive order that targeted Facebook and Twitter for “censoring” and called on the Federal Communications Commission to change the law.
The order comes after Twitter prompted readers to check facts in tweets sent by the President, warning his claims about mail-in ballots were false and had been debunked by fact checkers.
Trump ramps up war on ‘CRAZY’ social media firms as he warns ‘Big Tech is trying to censor 2020 election’
https://www.thesun.co.uk/news/11725552/trump-executive-order-social-media-firms/
Almost two-thirds of Americans disapprove of Trump not wearing a mask as president claims there are ‘different views’
https://www.thesun.co.uk/news/11731210/coronavirus-trump-mask-americans-disapprove-poll/
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President Trump signs an executive order to address his concerns about social media.
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Are more and more teens experiencing the negative effects of social media? Dr. Gillian Galen and Cosmopolitan’s Jessica Pels discuss. Aired on 02/17/20.
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We’re moderating the February 19th Democratic Debate. Tune in right here on YouTube at 9pm ET: https://www.youtube.com/watch?v=RjPhkrfOesc
Research Links Social Media Use To Mental Distress In Teens | Morning Joe | MSNBC
