The Fort Worth Press - Obama calls for tigher reins on big tech

USD -
AED 3.672503
AFN 65.999852
ALL 81.873378
AMD 378.43987
ANG 1.79008
AOA 917.000491
ARS 1445.0428
AUD 1.425192
AWG 1.8
AZN 1.701926
BAM 1.658498
BBD 2.01317
BDT 122.152876
BGN 1.67937
BHD 0.376919
BIF 2961.725511
BMD 1
BND 1.270543
BOB 6.906845
BRL 5.228904
BSD 0.999546
BTN 90.307481
BWP 13.806116
BYN 2.86383
BYR 19600
BZD 2.010235
CAD 1.36427
CDF 2155.000115
CHF 0.774745
CLF 0.021839
CLP 861.999947
CNY 6.946501
CNH 6.93494
COP 3632.08
CRC 496.408795
CUC 1
CUP 26.5
CVE 93.503553
CZK 20.593989
DJF 177.719935
DKK 6.319765
DOP 62.937775
DZD 129.865503
EGP 47.013897
ERN 15
ETB 155.042675
EUR 0.84615
FJD 2.1993
FKP 0.732491
GBP 0.73007
GEL 2.695024
GGP 0.732491
GHS 10.950041
GIP 0.732491
GMD 73.500677
GNF 8769.058562
GTQ 7.666672
GYD 209.120397
HKD 7.812175
HNL 26.408086
HRK 6.3756
HTG 131.107644
HUF 322.251037
IDR 16758
ILS 3.082015
IMP 0.732491
INR 90.48545
IQD 1309.380459
IRR 42125.000158
ISK 122.69594
JEP 0.732491
JMD 156.640605
JOD 0.708969
JPY 155.718977
KES 128.999825
KGS 87.449964
KHR 4033.037668
KMF 418.00027
KPW 899.987247
KRW 1449.560268
KWD 0.307102
KYD 0.83298
KZT 501.119346
LAK 21499.832523
LBP 89508.041026
LKR 309.380459
LRD 185.911623
LSL 16.009531
LTL 2.95274
LVL 0.60489
LYD 6.319217
MAD 9.168716
MDL 16.926717
MGA 4429.877932
MKD 52.134305
MMK 2100.119929
MNT 3568.429082
MOP 8.04357
MRU 39.901294
MUR 45.889873
MVR 15.449947
MWK 1733.257012
MXN 17.252485
MYR 3.932502
MZN 63.750037
NAD 16.009531
NGN 1387.419629
NIO 36.785781
NOK 9.64092
NPR 144.492309
NZD 1.65348
OMR 0.384493
PAB 0.999521
PEN 3.364907
PGK 4.282347
PHP 59.059528
PKR 279.545138
PLN 3.573615
PYG 6631.277242
QAR 3.634567
RON 4.310899
RSD 99.326542
RUB 76.88768
RWF 1458.783824
SAR 3.750079
SBD 8.058101
SCR 13.733114
SDG 601.509021
SEK 8.90901
SGD 1.269935
SHP 0.750259
SLE 24.474972
SLL 20969.499267
SOS 570.272883
SRD 38.114501
STD 20697.981008
STN 20.775741
SVC 8.746163
SYP 11059.574895
SZL 16.015332
THB 31.656032
TJS 9.340767
TMT 3.51
TND 2.890372
TOP 2.40776
TRY 43.476498
TTD 6.770319
TWD 31.591998
TZS 2584.039876
UAH 43.256279
UGX 3563.251531
UYU 38.49872
UZS 12236.487289
VES 371.640565
VND 26002
VUV 119.537583
WST 2.726316
XAF 556.244594
XAG 0.011829
XAU 0.000202
XCD 2.70255
XCG 1.801384
XDR 0.691072
XOF 556.244594
XPF 101.131218
YER 238.375017
ZAR 15.966098
ZMK 9001.213126
ZMW 19.615608
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • GSK

    0.6500

    53.12

    +1.22%

  • RIO

    3.2100

    95.73

    +3.35%

  • NGG

    1.5500

    86.16

    +1.8%

  • BCC

    2.7090

    84.459

    +3.21%

  • VOD

    0.3250

    15.235

    +2.13%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • BCE

    0.3650

    26.195

    +1.39%

  • CMSD

    -0.1200

    23.96

    -0.5%

  • JRI

    -0.0400

    13.11

    -0.31%

  • CMSC

    -0.0900

    23.66

    -0.38%

  • AZN

    -3.9350

    184.475

    -2.13%

  • BTI

    0.7750

    61.765

    +1.25%

  • RYCEF

    0.3300

    17

    +1.94%

  • RELX

    -5.2550

    30.275

    -17.36%

  • BP

    0.8150

    38.515

    +2.12%

Obama calls for tigher reins on big tech
Obama calls for tigher reins on big tech / Photo: © AFP

Obama calls for tigher reins on big tech

Former US president Barack Obama on Thursday called out Silicon Valley, urging tech companies to stop dividing society and undermining democracy, and for political leaders to help guide the way with regulation.

Text size:

Obama said that online platforms have found that "inflammatory, polarizing content" attracts online audiences with money to be made at the expense of democracy.

"It’s that in the competition between truth and falsehood, cooperation and conflict, the very design of these platforms seems to be tilting us in the wrong direction," Obama said at a Stanford Cyber Policy Center event.

Obama advocated modifying the US law known as Section 230, which spares platforms from liability for what users share on them.

"These big platforms need to be subject to some level of public oversight and regulation," Obama said.

"We need to consider reforms to Section 230 to account for those changes, including whether platforms should be required to have a higher standard of care, when it comes to advertising on their site."

A regulatory structure crafted with input from tech companies, user communities and industry experts should allow them to operate effectively while slowing the spread of harmful content online, Obama said.

"Tech platforms need to accept that they play a unique role in how we, as a people and people around the world, are consuming information and that their decisions have an impact on every aspect of society," Obama said.

"Beyond that, tech companies need to be more transparent about how they operate."

In particular, online platforms should make it clear what kind of content they promote -- even if only to regulators if there are concerns about software secrets being disclosed to competitors, Obama told the gathering.

"For more and more of us, search and social media platforms aren’t just our window into the internet; they serve as our primary source of news and information," Obama said.

"No one tells us that the window is blurred, subject to unseen distortions and subtle manipulations."

The US needs to set a better example when it comes to regulating abuses by big tech firms, collaborating with regulators in places such as Europe which have been more aggressive, Obama said.

"We’re so fatalistic about the steady stream of bile and vitriol that’s on there, but it doesn't have to be that way," he said.

"The Internet is a tool. Social media is a tool. At the end of the day, tools don’t control us. We control them, and we can remake them."

P.Navarro--TFWP