"Japan To Require Big Tech To Respond To Online Slander; New Rules Will Direct Social Media Platforms To Handle Claims Within A Week" - Nikkei Asia
Portfolio Pulse from Benzinga Newsdesk
The Japanese government is developing regulations that will mandate social media platforms to address user reports of online slander within a week. This includes establishing guidelines for post deletion and disclosing measures taken. Major tech companies like Meta Platforms Inc., Google, and Twitter will be affected by these new rules.
January 08, 2024 | 5:10 pm
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NEGATIVE IMPACT
Google will have to adjust its content moderation practices in Japan to meet the new requirements for addressing online slander, which may increase operational expenses.
Similar to Meta, Google will likely incur additional costs due to the new Japanese regulations. This could affect their short-term financial performance and market perception.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Meta Platforms Inc. will be required to comply with Japan's new regulations on handling online slander, potentially affecting its content moderation policies and operational costs.
The new regulations may lead to increased operational costs for Meta as they will need to implement systems to comply with the rules. This could negatively impact their short-term profitability and investor sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Twitter, now referred to as 'X', is included in the Japanese government's directive to address online slander, which may impact its content management strategies.
Twitter will be directly impacted by the Japanese regulations, necessitating changes to their content moderation processes. This could lead to increased costs and affect their reputation and operations in Japan.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
The iShares MSCI Japan ETF (EWJ) may experience indirect effects from the new Japanese regulations on social media companies, as it holds a diversified portfolio of Japanese stocks.
While EWJ is not directly involved in social media, the regulatory changes could have a broader impact on the Japanese market and tech sector, potentially affecting the ETF's performance.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30