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Precisely. Passing legislation regulating all social media companies is valid. Targeting a specific company in legislation, in addition to not making sense, wil
by oarabbus_ 5y ago
Precisely. Passing legislation regulating all social media companies is valid. Targeting a specific company in legislation, in addition to not making sense, will quickly be struck down by courts.
- some_furry 5y agoEasy workaround: Any publicly-traded company worth more than $1B in total stock. Now you aren't targeting Facebook, you're targeting all wealthy corporations.
- munk-a 5y agoWhy should we not also apply these laws to companies worth 100M that are doing the same crap? We gain nothing by finely targetting these laws especially if it allows some facebook-like clone to enter the market and change one minor thing to dodge having the same oversight.
- oarabbus_ 5y agoI mean, sure, then it isn't targeting a specific company. But it baffles me why you'd want to put a Market Cap threshold instead of regulating all social media companies evenly regardless of size. Your "rule" wouldn't have applied to Parler, for example.
- some_furry 5y agoWe need to be careful with regulations. It's good to regulate giants, but creating barriers to entry that prevent new players from competing with the giants is a bad outcome we need to remain cognizant of. Maybe $1B is too high. Maybe $1M is too low. Somewhere in the middle is a sweet spot.