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Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms

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  • The US Senate Homeland Security and Governmental Affairs Committee will hold a hearing with Facebook’s parent company Metaplatforms Inc META, alphabet inc WELL Google youtube, Twitter Inc TWTR and short video app TikTok on the impact of social media on homeland security, Reuters reports.
  • The panel, chaired by Democratic Senator Gary Peters, will also hear from a panel of former Twitter and Facebook executives.
  • The hearing will be an opportunity to understand the extent to which social media companies’ business models use algorithms and targeted advertising to amplify harmful content and other homeland security threats.
  • The report specified that Meta CPO Chris Cox, YouTube CPO Neal Mohan, TikTok COO Vanessa Pappas and Twitter GM Bluebird Jay Sullivan would testify before the committee.
  • This is the 31st time in the past five years that a Facebook or Meta executive has testified before Congress.
  • 2021 prompted Peters social media company for more information on their policy on monitoring and removing extremist and conspiracy content.
  • Related: Mark Zuckerberg and Sheryl Sandberg as witnesses in Cambridge Analytica lawsuit
  • In 2021, former Facebook product manager and whistleblower Frances Haugen, testifies how Facebook puts “profits before people”.
  • A second Facebook whistleblower and former data scientist Sophie Zhang to have claimed submitted documents to an unspecified U.S. law enforcement agency showing “potential criminal violations.”
  • Price promotion: META shares traded 0.21% higher to $160.73 on the latest check Thursday.
  • Image by succo from Pixabay


Read full story here https://www.benzinga.com/government/22/09/28796543/facebook-braces-for-its-31st-senate-faceoff-accompanied-by-youtube-twitter

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