Meta, X, TikTok, Snap and Discord face growing appetite in Congress for tighter social media regulation
Summary
In one memorable exchange, Sen. Josh Hawley, R-Mo., compelled Zuckerberg to stand up and apologize directly to parents who believed that Metas Facebook and Instagram apps had contributed to the death of their children. To be sure, both Republican and Democratic senators were united in their conviction that social media firms are failing the American public and directly harming young people. But lawmakers have grilled tech CEOs in the past over issues related to antitrust and data privacy blunders, and they havent been able to pass legislation that would change the way the companies operate. That same year, its shares were in free-fall, due in part to a weak economy and the effects of the Apple iOS privacy update that made it more difficult for companies to track users across the web. Advertising experts and analysts believe these retailers include the fast-rising startups Temu and Shein, two companies that U.S. lawmakers have previously complained are unfairly benefiting from certain trade rules because of their connections to China.
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