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Originally Posted by Guybrush
Tbh I don't know exactly why social media and/or algorithms aren't more heavily regulated in terms of what they're allowed to do or not.
I thought maybe it's because many or most legislators are simply clueless about how to tackle the issue, but I don't know.
At least it gives me a little comfort to know that facebook/meta stocks' value recently plunged. Seems user growth has stagnated for fb.
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There's some saying or idiom about how long it takes regulators to keep up with technological change, but it's not coming to me right now. Recent examples being e-cigarettes, autonomous vehicles and of course, social media and data collection. I'd like to see federal regulation like the GDPR passed here in the United States - that'd be a great win for Biden's administration. Some states have enacted similar laws - like the California Consumer Privacy Act.
Isn't Facebook called Meta now? Kinda weird. I know they're doubling down on virtual reality and the metaverse - but I don't know how successful it will be. Good VR headsets are still not a cheap thing for average consumers, I'd say. But perhaps FB/Meta will change that.
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