Bill Ackman Urges Musk, Zuckerberg To 'Fix The Algorithms' Instead Of Fueling Hate… Says, TikTok Should 'Probably' Be Banned
Portfolio Pulse from Ananya Gairola
Billionaire investor Bill Ackman has urged social media platforms, including Elon Musk's X (formerly Twitter), Mark Zuckerberg's Instagram and Facebook, and ByteDance-owned TikTok, to address divisive algorithms that amplify hate. Ackman suggested that these platforms should work towards finding a common ground and that TikTok, which he accused of manipulating public opinion, should probably be banned. The EU's regulatory bodies have been monitoring content on X and Meta Platforms Inc.'s platforms that might incite violence.
November 01, 2023 | 4:42 am
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Bill Ackman's comments about the need for social media platforms to address divisive algorithms could put pressure on Meta Platforms Inc. to make changes. This could potentially impact the company's operations and user engagement.
Bill Ackman's comments put the spotlight on the role of social media platforms in amplifying hate and division. If these platforms, including Meta Platforms Inc., are forced to make changes to their algorithms, it could potentially impact their operations and user engagement. This could have a negative impact on the company's stock in the short term.
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