DOJ Revamps Social Media Strategy On Combating Foreign Threats Days After Meta CEO Mark Zuckerberg Said Facebook Was 'Pressured' By Biden Administration
Portfolio Pulse from Ananya Gairola
The DOJ has announced a new strategy for dealing with foreign threats on social media, stating that companies like Meta will not be forced to remove content. This comes after Meta's CEO, Mark Zuckerberg, claimed the Biden administration pressured Facebook to censor content.
September 04, 2024 | 4:46 am
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Meta Platforms, Inc. (NASDAQ:META) is at the center of a regulatory shift as the DOJ announces it won't force social media companies to remove content related to foreign threats. This follows CEO Mark Zuckerberg's claims of pressure from the Biden administration.
The DOJ's announcement directly impacts Meta as it addresses the company's role in managing content related to foreign threats. The news is significant given recent claims by Zuckerberg about government pressure, but the immediate stock impact is neutral as the policy does not impose new restrictions.
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