🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

U.N. chief worried by power of social media companies

Published 01/28/2021, 02:21 PM
Updated 01/28/2021, 06:45 PM
© Reuters. FILE PHOTO: U.N. Secretary-General Guterres speaks at Bundestag in Berlin

By Michelle Nichols

NEW YORK (Reuters) - U.N. chief Antonio Guterres said on Thursday he is "particularly worried" about the power of social media companies and that mechanisms should be created to regulate decisions like the banning of former U.S. President Donald Trump from Twitter.

Twitter Inc (NYSE:TWTR) Chief Executive Jack Dorsey has said that banning Trump from posting messages after the violence at the U.S. Capitol on Jan. 6 was the "right decision," but said it sets a dangerous precedent.

When asked about the move, U.N. Secretary-General Guterres suggested that there should be "a regulatory framework with rules that allow for that to be done in line with law."

"I do not think that we can live in a world where too much power is given to a reduced number of companies," he told reporters. "And I must say that I'm particularly worried with the power that they already have."

Guterres raised concerns about data being sold to advertisers, but also being used "to change our behavior, and the risks of that to be used also, from a political point of view, for the control of citizens in countries."

Facebook Inc (NASDAQ:FB) also banned Trump. It has referred its decision on Trump to an independent oversight board it created last year.

© Reuters. FILE PHOTO: U.N. Secretary-General Guterres speaks at Bundestag in Berlin

The board has received 150,000 appeals since it started accepting cases in October. It ruled on its first cases on Thursday, saying Facebook was wrong to remove four of five pieces of content the board reviewed.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.