Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

California's Newsom signs bill requiring social media firms transparency

Published 09/14/2022, 04:40 AM
Updated 09/14/2022, 02:56 PM
© Reuters. FILE PHOTO: California Governor Gavin Newsom speaks during his meeting with Canada's Prime Minister Justin Trudeau (not pictured) at the California Science Center outside the Ninth Summit of the Americas, in Los Angeles, California, U.S. June 9, 2022. REU

(Reuters) - California Governor Gavin Newsom said on Tuesday he had signed a bill into law requiring transparency of social media companies, a move that could draw criticism from tech firms and industry groups.

The law, AB-587, will require social media companies to publicly post their policies regarding hate speech, disinformation, harassment and extremism on their platforms, and report data on their enforcement of the policies.

Last year, the governor of Texas signed a bill prohibiting social media firms from restricting users or their posts based on their viewpoint. The Supreme Court in May blocked the law, after technology industry groups sued.

"California will not stand by as social media is weaponized to spread hate and disinformation that threaten our communities and foundational values as a country," Newsom said in a statement.

The latest measure is expected to bring transparency and accountability to the policies that shape social media content, Newsom added.

Latest comments

the governor of texas could learn a thing or two from the real governor of California. what a stark contrast!
 hmmm, speaking of people leaving bad states, all those rural red states like West Virginia and Mississippi and Kansas have been losing people for how many decades now???
why is land and homes in New York and California worth more than 3x the value of same in texas and florida? bad governors in red states!
 "but Virginia and Kansas have had positive inflows...."  - urrrr, Virginia isn't West Virginia, this is what happened when someone gets his degree from Trump University...
"transparency and accountability" also known as lack of privacy and compliance
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.