Magical Trade
Monday, August 8, 2022
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Instagram chief Adam Mosseri to testify before Congress for the first time

by
November 24, 2021
in Trade News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Deadlock with Russia over Nord Stream gas turbine is not our fault, Siemens Energy CEO says

JPMorgan upgrades First Solar, says climate bill could help boost the shares by more than 20%

Adam Mosseri, Facebook

Beck Diefenbach | Reuters

Instagram’s chief executive Adam Mosseri is expected to testify before Congress for the first time the week of Dec. 6, a spokesperson for Sen. Richard Blumenthal, D-Conn., confirmed to CNBC.

“After bombshell reports about Instagram’s toxic impacts, we want to hear straight from the company’s leadership why it uses powerful algorithms that push poisonous content to children driving them down rabbit holes to dark places, and what it will do to make its platform safer,” Blumenthal, chair of the Senate Commerce subcommittee on consumer protection, said in a statement. “I appreciate Mr. Mosseri voluntarily coming to the Subcommittee and hope that he will support specific legislative reforms and solutions, particularly in its immensely potent algorithms.”

The news, first reported by The New York Times, comes after Instagram has faced heightened scrutiny after former Facebook employee Frances Haugen released thousands of pages of internal documents from parent company Facebook (which recently rebranded to Meta) to the Senate, the Securities and Exchange Commission and several news outlets.

Among the findings in the documents was that Instagram had conducted research on how its platform impacted the mental health of young users and found negative effects on a portion of that userbase. For example, the research found that about a third of teen girl respondents said when they felt bad about their bodies, Instagram made them feel worse. It also found that among teens reporting suicidal thoughts, 13% of British users and 6% of American users traced the issue to Instagram.

The company has since downplayed its own research, claiming a small number of respondents can’t be extrapolated to the whole userbase. But many lawmakers argue the research is still enough to have shown Instagram it could have done more to combat the negative impacts of its platform for young users. Lawmakers pressured the company to back off plans to create a specialized app for kids. Instagram has since paused the effort.

Meta CEO Mark Zuckerberg has testified several times before Congress on topics including competition, content moderation and privacy in the wake of the Cambridge Analytica scandal. While Congress often seeks out top executives to testify, their deputies may have more hands-on knowledge about the topics lawmakers want to learn about. Some policy watchers have made note that Susan Wojcicki, CEO of YouTube, has also yet to testify before Congress while CEO of parent company Google Sundar Pichai has made several appearances.

“We continue to work with the Committee to find a date for Adam to testify on the important steps Instagram is taking,” Meta spokesperson Dani Lever said in a statement.

Subscribe to CNBC on YouTube.

WATCH: Instagram’s Mosseri talks new features and antitrust concerns

ShareTweetPin

Related Posts

Deadlock with Russia over Nord Stream gas turbine is not our fault, Siemens Energy CEO says

by
August 8, 2022
0

Siemens Energy CEO Christian Bruch said Monday that there is no technical justification for Russia to refuse the delivery of...

JPMorgan upgrades First Solar, says climate bill could help boost the shares by more than 20%

by
August 8, 2022
0

The likely passage of the new Inflation Reduction Act could mean further upside is in store for shares of First...

Palantir shares fall more than 10% following earnings report

by
August 8, 2022
0

In this article PLTR A banner featuring the logo of Palantir Technologies (PLTR) is seen at the New York Stock...

Stocks making the biggest moves in the premarket: Palantir, Signify Health, Global Blood Therapeutics and more

by
August 8, 2022
0

Take a look at some of the biggest movers in the premarket: Palantir (PLTR) - The data analytics company's stock...

JPMorgan downgrades shares of Carvana, cites risks to profitability in a worsening macro environment

by
August 8, 2022
0

Now is not the time to buy shares of Carvana as the used-car retailer faces a murky growth outlook ahead,...

Next Post

November Vehicle Sales Forecast: Increase to 13.6 million SAAR

November 24th COVID-19: New Cases and Hospitalizations Increasing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • ‘Conviction sell’: UBS says avoid these global stocks amid rising headwinds

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs "Will Higher Rates Put Out the Housing Fire?"

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net