Social Media – Genesis Wealth Defense https://genesiswealthdefense.com There's a thin line between ringing alarm bells and fearmongering. Wed, 27 Nov 2024 03:15:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://genesiswealthdefense.com/wp-content/uploads/2024/09/cropped-Money-32x32.jpg Social Media – Genesis Wealth Defense https://genesiswealthdefense.com 32 32 237551656 Former Google CEO Eric Schmidt: Social Media’s Failure to Police “Misinformation” Is a “Regulatory Problem” https://genesiswealthdefense.com/former-google-ceo-eric-schmidt-social-medias-failure-to-police-misinformation-is-a-regulatory-problem/ https://genesiswealthdefense.com/former-google-ceo-eric-schmidt-social-medias-failure-to-police-misinformation-is-a-regulatory-problem/#respond Wed, 27 Nov 2024 03:15:48 +0000 https://genesiswealthdefense.com/former-google-ceo-eric-schmidt-social-medias-failure-to-police-misinformation-is-a-regulatory-problem/ (Reclaim The Net)—Former Google CEO Eric Schmidt has stirred controversy by criticizing social media’s handling of “misinformation,” describing it as a regulatory failure and branding social media as a “threat to democracy.” His comments were made in response to ideas raised by a fourth-year graduate student in molecular biology, during a discussion on the broader impacts of technology and artificial intelligence.

Schmidt, who played a pivotal role in shaping the digital world, including the carelessness when it comes to online privacy, asserted that the original developers of social media did not foresee its potential negative impacts on democratic values. “None of us thought when we invented social media that we would become a threat to democracy,” Schmidt said.

In his critique, Schmidt called out social media companies for their allegedly lax approach to “misinformation,” suggesting that their failure to police content stemmed from a lack of regulatory compulsion and was driven by profit motives. “The misinformation one is easy,” Schmidt explained, claiming that “the social media companies have chosen not to police it because they haven’t been required to and they make more money because of it.”

However, Schmidt’s stance will raise concerns among free speech advocates who argue that his call for more stringent regulation could lead to excessive censorship and infringe on free expression. Critics argue that the solution to “misinformation” should not rely solely on increased regulation and censorship, but by encouraging open discourse that allows ideas to be debated and scrutinized in the public space.

Schmidt has been a controversial figure in privacy and surveillance discussions. His leadership saw Google vastly expand its data collection, using personal information to tailor advertisements, which raised significant privacy concerns. Schmidt’s views on privacy, epitomized by his statement, “If you have something that you don’t want anyone to know, maybe you shouldn’t be doing it in the first place,” showed a dismissive attitude toward privacy concerns and alarmed both privacy advocates and the public.

Schmidt’s tenure also involved privacy breaches, such as the unauthorized collection of data from unsecured WiFi networks by Google Street View cars, leading to international fines and investigations. Further controversy stemmed from Google’s alleged cooperation with the US National Security Agency (NSA), sharing user data without clear user consent.

Schmidt has, more recently said there should be no online anonymity when using AI.

If you’re tired of censorship and surveillance, subscribe to Reclaim The Net.

]]>
https://genesiswealthdefense.com/former-google-ceo-eric-schmidt-social-medias-failure-to-police-misinformation-is-a-regulatory-problem/feed/ 0 227828