Jeff Bewkes2:30
Well, there's a lot of attention. First, what is the issue? We're all trying to figure out what to do about misinformation, particularly disinformation, defamation, and falsehoods circulating, whether on television or the internet. It seems there's a lot going on on internet services. The first thing is, I don't think the solution to improving the accuracy of our dialogue lies in vilifying the social media companies. They've done a lot of good. We ought to recognize the legitimate contribution they make to connecting people, bringing dialogue, and creating innovation. They've created a lot of value for shareholders, they're good employers, so we ought to keep and preserve that. But like any media, like the TV news channels that rose up before that era, there are also potential harms and a certain responsibility that goes with putting out all these messages. I don't think the answer lies in regulation; I think it's really deregulation. I would look at it more as a graduation present for these internet and social media companies. What I mean by that is, if CNN or Fox chooses to put on a broadcast out to millions of people a guest who is going to spew false and defamatory information, and if we choose to do that and we're making money off of disseminating it to millions of people, then yes, that person can be held liable for false defamation, and CNN or Fox putting it on can be held liable too. That's evolved over many years. It does not conflict with free speech. But if that person does the same exact thing on a social media platform, yes, the person can be held responsible, but the social media platform that amplifies it to millions cannot be held responsible; they have a liability shield installed by Congress back in 1996 called Section 230. The thinking there—and I think it needs a little adjustment—was quite understandable that at the dawn of the internet, with these new ISPs, Congress wanted to encourage the construction of the internet. They didn't want the companies building those wires to be responsible for what individuals said to each other over the internet, similar to the telephone company not being responsible if you defame someone on the phone system. But the difference is, and nobody anticipated social media or what would evolve, if those companies say, 'We're just putting up a platform or a bulletin board; if somebody wants to post something and another wants to read it, that's not our responsibility,' I think they're right about that. But if they choose to intervene, pull that post up, and send it out to millions of people using their massive data mining to figure out who to send it to, then they're making an active choice to publish it. Then they ought to share some responsibility, in the same way that if CNN puts a guest on and sends it out to everybody, you have a duty to figure out if what they're saying is false and defamatory. There's been a hundred years of precedent to try to figure out the right level of responsibility a given newspaper, TV network, or in this case social network ought to have, given the reality and difference of their platform versus the old news broadcast platforms. A recent example is Fox and Newsmax broadcasting some people that put out false and defamatory claims against voting machine companies Dominion and Smartmatic. Those companies, feeling their reputation and business were harmed, filed suits for financial damage against both the individuals and those news outlets. We don't know what the facts will be and what the judgment will be, but they couldn't make the same filing against a Facebook or a YouTube if they heard the same thing. Given the trillions of dollars those companies are worth, they can invest money just like CNN or Fox does to try to do some fact-checking and editorial standards when they are disseminating messages deliberately. This is not my idea; I think Frances Haugen put it forward in her testimony, and another man named Roddy, Ronnie Lindsay I believe, wrote an editorial about it. I don't want to put false words in their mouths, but a number of people have put this forward. It doesn't focus on any particular type of content or target audience; it just generally says if you're going to amplify something, you ought to take some responsibility for it.