"Big Day For Fairness" - White House Plans To Empower FCC To Regulate American Social Media Giants
Update (1150ET): In a statement that clearly established Nancy Pelosi and the Democrats as the greater of two evils for Silicon Valley tech giants and their leadership, the Democratic Speaker of the House said Twitter had not gone 'far enough' in fact-checking President Trump, while accusing Facebook of selling out the American people for money.
According to CNBC, Pelosi said Trump's executive order, expected to be signed later on Thursday, is a "distraction", but added that Twitter had "not gone far enough" in fact-checking the president, and called the current situation "outrageous"
At Facebook, she accused Zuckerberg of "only caring about making money". "All they want is tax cuts and no regulation…there is no honor among thieves," she reportedly said, according to Mui.
It appears the "techlash" in Washington remains alive and well.
Update (0850ET): Fox Business has just confirmed that President Trump plans to sign an executive order to implement everything we've discussed below.
Fox reporter Edward Lawrence claims that the order will "examine the legal protections" enjoyed by these companies, suggesting that the administration will also lay out its legal rationale for regulating speech on these platforms in this way.
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Update (0840ET): Just as we expected, President Trump just confirmed that he will be rolling out his administration's agenda for regulating speech on American social media platforms on Thursday - and will probably make a show of it, to keep the news media focused on his latest culture war, and less about the growing coronavirus death toll.
https://www.zerohedge.com/technology/white-house-plans-empower-fcc-regulate-american-social-media-giants