Facebook’s chief executive Mark Zuckerberg has suggested a mixed system consisting of current rules applied in telecoms and media industries. He suggested strict rules to handle ‘harmful online content’
Mark Zuckerberg, while talking at the Munich Security Conference in Germany, suggested a framework that encodes “democratic and open values” to operate social media. He hoped that there was speedy progress “before a more authoritarian model gets adopted in a lot of places first”.
Mark Zuckerberg said while answering a question, “I do think that there should be regulation on harmful content … there’s a question about which framework you use for this,”
He added, “Right now, there are two frameworks that I think people have for existing industries – there’s like newspapers and existing media, and then there’s the telco-type model, which is ‘the data just flows through you’, but you’re not going to hold a telco responsible if someone says something harmful on a phone line.”
“I think where we should be is somewhere in between,”
Social media platforms such as Twitter, Facebook and Alphabet’s Google face huge pressure to deal with false and misleading data to combat political groups and governments.
Mark Zuckerberg has further said that Facebook has hired 35,000 new people to monitor online content and regulate security measures. He informed that the giant social media forum had improved its performance contradicting election interference.
Apart from that, he also said that Facebook’s automated technology and teams suspend over one million fake accounts every day. He also informed that “the vast majority are detected within minutes of signing up.”
“Our budget is bigger today than the whole revenue of the company when we went public in 2012 when we had a billion users,”
“I’m proud of the results but we will have to stay vigilant.”