'Mr. Musk Knows That He Is Not Off The Hook': EU Official Slams X For Spread Of Russia-Ukraine Misinformation
Portfolio Pulse from Natan Ponieman
Vera Jourova, a vice president of the European Commission, has criticized X (formerly Twitter) for the spread of misinformation on its platform. She emphasized the responsibility of tech companies to combat fake news and propaganda. 44 companies, including Meta, Alphabet's Google and YouTube, Bytedance's TikTok, and LinkedIn, have signed the Code of Practice on Disinformation. X withdrew from the code after Elon Musk took over but is still subject to the Digital Services Act. Alphabet reported that YouTube terminated over 400 channels linked to Russian-state sponsored operations, and Google removed ads from about 300 state-funded propaganda sites.
September 26, 2023 | 7:42 pm
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NEUTRAL IMPACT
Alphabet's Google and YouTube have taken significant steps to combat misinformation, with YouTube terminating over 400 channels linked to Russian-state sponsored operations and Google removing ads from about 300 state-funded propaganda sites.
The news shows Alphabet's active measures to combat misinformation, which could enhance its reputation. However, it does not directly suggest a significant impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Alphabet's Google and YouTube have taken significant steps to combat misinformation, with YouTube terminating over 400 channels linked to Russian-state sponsored operations and Google removing ads from about 300 state-funded propaganda sites.
The news shows Alphabet's active measures to combat misinformation, which could enhance its reputation. However, it does not directly suggest a significant impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Meta, owner of Facebook, is one of the companies that have signed the Code of Practice on Disinformation, showing its commitment to combat misinformation.
While the news highlights Meta's commitment to combat misinformation, it does not directly indicate any significant impact on the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50