Social Media Shares Drop as Execs Take the Hill

Social Media Shares Drop as Execs Take the Hill

Lindsey Duncan
September 6, 2018

Facebook Chief Operating Officer Sheryl Sandberg acknowledged that the social media network failed to crack down on attempts from Russian Federation to influence the 2016 USA presidential elections, according to AFP. "That means it's going to take everyone including industry, governments, and experts from civil society working together to stay ahead", Sandberg will say, in part. The paper also says Dorsey intervened to allow white supremacist Richard Spencer to be reinstated on Twitter.

"We fixed it", Dorsey said.

Prior to the hearing, President Donald Trump in an interview with the Daily Caller accused social media companies of interfering in the US mid-term elections in November, without appearing to offer any evidence.

"Blockchain is one that I think has a lot of untapped potential, specifically around distributed trust and distributed enforcement".

As reported by CoinDesk and other outlets, Twitter has been ground-zero for identity scams that seek to defraud users out of their cryptocurrency holdings.

The Menlo Park, California-based company revealed previous year that a Russian internet agency had used the platform to try to influence the 2016 US presidential election.

Moscow denies involvement, and Trump - backed by some of his fellow Republicans in Congress - has repeatedly dismissed investigations of the issue as a partisan witch hunt or hoax.

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Republicans aired grievances against the social media company.

The Senate hearing focused primarily on the use of social media by Russian Federation and other foreign actors in the 2016 election, with executives promising to do more to combat such meddling in the future.

The Republican president's accusation added to recent charges he has made of political bias against him by social media companies and search engines.

Trump faulted Twitter on July 26, without citing any evidence, for limiting the visibility of prominent Republicans through a practice known as shadow banning. "It's not fair to large portions of the population", Trump said at a press conference last week. Chief election commissioner O P Rawat told TOI that "EC's interactions with the three social media companies are complete". Instead, a spokesperson for the committee said they may just leave a chair empty next to Sandberg and Dorsey.

Senator Richard Burr, the committee's Republican chairman, said he expected the hearing would focus on solutions to the problem of foreign efforts to influence USA elections and sow political discord, with a jab at Google.

Google, which was also invited to the hearing, did not send a representative.

Sandberg committed to not doing business with China or other countries that conflict with Facebook's values.