Uploaded by iMSupport T.V. on March 26, 2021 at 5:59 am
Tech CEOs testify on Capitol Hill – Here's what it means for investors
CNBC's "Fast Money" traders discuss Thursday's congressional hearing featuring CEOs from Facebook, Google and Twitter. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
In what has become a regular occurrence in Congress, lawmakers faced off with the CEOs of three of the most influential tech platforms in a five-and-a-half-hour hearing about misinformation on Thursday.
The key legislative focus of the discussion was on Section 230 of the Communications Decency Act, the legal shield that protects platforms from liability for their users’ posts and allows them to moderate content as they see fit. Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai and Twitter CEO Jack Dorsey were the three witnesses before two subcommittees of the House Energy and Commerce Committee at the joint hearing.
At points, the exchanges took a tense tone. Several times throughout the hearing, lawmakers attempted to conserve their time by asking “yes or no” questions, to which the CEOs consistently answered in full sentences. Dorsey sent a tweet during the testimony that seemed to mock the mode of questioning: A poll where users could simply choose either “yes” or “no.”
“Your multitasking skills are quite impressive,” said Rep. Kathleen Rice, D-N.Y., after asking him which answer was winning.
There were still a few moments where lawmakers appeared out of step. Several lawmakers mispronounced Pichai’s name and one misstated Zuckerberg’s as “Zuckerman.” One lawmaker initially confused Zuckerberg by asking about his family’s use of YouTube, a Google-owned service. When Zuckerberg clarified that was really what was being asked, it hearkened back to the infamous moment when he had to explain to a senator how Facebook makes money by selling ads.
Still, it appeared that lawmakers are itching to hold the major tech platforms accountable, and many are eager to do so through reforms to Section 230.
That prospect worries many tech advocates, including groups that are often critical of the major platforms.
They fear that limitations of Section 230 protections will harm the smallest players by making it more difficult to fight lawsuits, while well-resourced tech companies will be able to foot the bill. Evan Greer, director of the progressive digital rights group Fight for the Future, said at an event ahead of Thursday’s hearing that using Section 230 as a lever to incentivize behavior “is inherently a monopoly maker.”
Some lawmakers have expressed skepticism about Zuckerberg’s stated willingness to see some reforms to Section 230, although the CEO emphasized at Thursday’s hearing that greater accountability should only fall on largest platforms. Dorsey, who represented the smallest company on the witness stand Thursday, expressed concern that it would be difficult to distinguish between what should count as a small and large platform for the purposes of such legislation.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
CNBC’s “Fast Money” traders discuss Thursday’s congressional hearing featuring CEOs from Facebook, Google and Twitter. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
In what has become a regular occurrence in Congress, lawmakers faced off with the CEOs of three of the most influential tech platforms in a five-and-a-half-hour hearing about misinformation on Thursday.
The key legislative focus of the discussion was on Section 230 of the Communications Decency Act, the legal shield that protects platforms from liability for their users’ posts and allows them to moderate content as they see fit. Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai and Twitter CEO Jack Dorsey were the three witnesses before two subcommittees of the House Energy and Commerce Committee at the joint hearing.
At points, the exchanges took a tense tone. Several times throughout the hearing, lawmakers attempted to conserve their time by asking “yes or no” questions, to which the CEOs consistently answered in full sentences. Dorsey sent a tweet during the testimony that seemed to mock the mode of questioning: A poll where users could simply choose either “yes” or “no.”
“Your multitasking skills are quite impressive,” said Rep. Kathleen Rice, D-N.Y., after asking him which answer was winning.
There were still a few moments where lawmakers appeared out of step. Several lawmakers mispronounced Pichai’s name and one misstated Zuckerberg’s as “Zuckerman.” One lawmaker initially confused Zuckerberg by asking about his family’s use of YouTube, a Google-owned service. When Zuckerberg clarified that was really what was being asked, it hearkened back to the infamous moment when he had to explain to a senator how Facebook makes money by selling ads.
Still, it appeared that lawmakers are itching to hold the major tech platforms accountable, and many are eager to do so through reforms to Section 230.
That prospect worries many tech advocates, including groups that are often critical of the major platforms.
They fear that limitations of Section 230 protections will harm the smallest players by making it more difficult to fight lawsuits, while well-resourced tech companies will be able to foot the bill. Evan Greer, director of the progressive digital rights group Fight for the Future, said at an event ahead of Thursday’s hearing that using Section 230 as a lever to incentivize behavior “is inherently a monopoly maker.”
Some lawmakers have expressed skepticism about Zuckerberg’s stated willingness to see some reforms to Section 230, although the CEO emphasized at Thursday’s hearing that greater accountability should only fall on largest platforms. Dorsey, who represented the smallest company on the witness stand Thursday, expressed concern that it would be difficult to distinguish between what should count as a small and large platform for the purposes of such legislation.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
){kind=link}
#AAPI
All stocks are down, so just buy puts. 🕊️🌍🌏🕊️.
There's the girl with the "frothy" lip lift.
Nothing will happen to tech but get bigger. Buy tech buy Tesla for the rest won’t catch up
Lol that statement at the end about every business wants to sell something that is "addictive". Basically, Melissa is saying that every business wants the business model of a drug cartel.
Because Apple is not popular in China anymore xiaomi replaced its market! Xpeng Nio li will replace Tesla market will be the next Apple in the future!
GME whats up?
"everyone wants a product that is addictive" long MO!
Melissa, every business wants a product that is addictive. However, FB advertisers trying to sell me a car that is fine. But social media used to spread hate and violence and change votes, should we accept them as they are?
🌏🌍🌎 MONEY!!! 🤑 was the 🇷🇺 PROBLEM!!!! Causing Pandemic!!!! Russia!!!!!! The British Monarchy 👑 overrule accentuate ridiculous JOKE!!!! 🇺🇸Value!!! from U.S. FALSE!!! Currency!!!! Sanction from Global economy.
So many unpredictable swings and dips in tech stocks lately. 😂😂 😂 😂
Guy's face is my face whenever I hear this
0:42
vom.wtf
Cnbc also wants a product that is addictive but they have only one Melissa! 😛
Bitcoin is the Future investing in it now is the wisest thing to do now especially the current rise
Break these companies apart. Their political and social aligned censorship is a problem.