Key Points
Its been 20 years since Harvard sophomore Mark Zuckerberg released a program called Thefacebook to his college community, launching a company that would capture over 3 billion users, flirt with a trillion-dollar valuation, and make so much money that its now kicking back a dividend to shareholders..
You have blood on your hands, Lindsey Graham, ranking member of the Senate Judiciary Committee told Zuckerberg this week..
The hearing, dubbed Big Tech and the Online Child Sexual Exploitation Crisis, was a reminder to Zuckerberg that after 20 years his company is still, despite his excitement about creating metaverses and artificial general intelligence, at its heart a social network..
The Judiciary Committee has drawn up several bills to force the companies to do better, including ones that demand better content policing and make it easier to enact civil and criminal penalties for social media companies..
One potential solution to the social media problem mentioned by multiple senators was to make it possible to sue platforms that moderate content poorly..
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