About This Source - Bloomberg QuickTake: Now
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It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Quicktake: Now published this video item, entitled “Social Media Should Ban the Most Extreme Political Discourse: Opinion” – below is their description.
Facebook Inc. has long defended its lackadaisical approach to misinformation by saying that if it imposed stricter conditions, such content would proliferate elsewhere anyway. Far better to monitor conversation itself … or something.
But pushing false information and incitement to violence to the darker recesses of the web would be better.
Facebook’s line of reasoning has long seemed disingenuous, not least because of how many people turn to the social media giant. It has 2.5 billion monthly users across its platforms, which include Instagram and WhatsApp. Alongside Alphabet Inc.’s YouTube, these properties represent the greatest agglomeration of eyeballs that the world has ever known. Where else can misinformation find such a massive audience?
Facebook’s banning of Donald Trump, alongside a similar decision by Twitter Inc., means we might now find out. The first alternative for many was Parler, a social media app that boasts of being a bastion of free speech and is backed by the billionaire Mercer family. But such free speech came at a cost: Its failure to moderate content organizing the violence at the Capitol last week prompted Amazon.com Inc. to suspend Parler’s use of its web-hosting services, while Apple Inc. and Google removed its app from their mobile stores. Trump has since said he may build his own social network as Parler scrambles to get back on its feet.
Whatever happens to Parler, forcing the most outlandish strands of political discourse off the mainstream platforms would be a good thing. To boost user engagement, social media companies tend to reward provocative content with greater exposure while also deploying algorithms that personalize user feeds. That produces engines that incubate and accentuate radicalization, which can have the effect of turning moderates into radicals.
Facebook is now taking down all mentions of “stop the steal,” the slogan used by U.S. election conspiracy theorists, while Twitter has banned more than 70,000 QAnon accounts.
If QAnon, electoral fraud conspiracists and flat-earthers are encouraged to move elsewhere — to Parler, for instance, or Gab, a site reportedly frequented by white supremacists — then it might reduce the number of people sucked out of the mainstream and into their conspiratorial vortexes. Web users would have to actively seek out Covid-19 or anti-vaccination misinformation, rather than happening across it organically on their Facebook or YouTube feeds.
Such an approach would not, of course, end online radicalization, according to Dipayan Ghosh, author of “Terms of Disservice: How Silicon Valley Is Destructive by Design.” Indeed, it could even push those already inside the bubble into an even greater frenzy. But “it’s the right thing to do because it removes extremist views from the mainstream,” he said.
The main platforms needn’t worry about getting overtaken. For all of Facebook Chief Executive Officer Mark Zuckerberg’s assertions that competition in social media is fierce, the advertising giant continues to grow user numbers, revenue and profit. Its lead is not easily surmountable. Parler’s peak daily active user count was just 3.4 million globally, back in November, and it had only 1.6 million daily users last week, according to app analytics firm Apptopia. That’s 0.09% of the 1.8 billion people who log into a Facebook service every day.
Rivals will only start to threaten the dominance of Facebook and YouTube if they’re able to build sustainable business models. That means securing advertising dollars, which is not straightforward given that brands are less likely to want to blazon ads alongside troublesome content.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Apple Inc
Apple Inc. is an American multinational technology company headquartered in Cupertino, California. It is considered one of the Big Tech technology companies, alongside Amazon, Google, Microsoft, and Facebook.
Well known products and services from the brand include the iPad tablet computer, AirPods wireless earbuds, iOS, iTunes, the Safari web browser, Apple Music, iCloud and Apple Pay.
Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976. Apple went public in 1980. In August 2018, Apple became the first publicly traded U.S. company to be valued at over $1 trillion and just two years later in August 2020 became the first $2 trillion U.S. company.
The company employs 137,000 full-time employees and maintains 510 retail stores in 25 countries as of 2020.
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The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
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Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
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In This Story: Donald Trump
Donald John Trump is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.