SNY - Wall Street Breakfast: Another Hearing For Big Tech
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Another hearing for Big Tech It's been a common sight over the past few years, but Big Tech leaders are again going before Congress. The CEOs of Facebook (FB), Twitter (TWTR) and Alphabet ([[GOOG]], [[GOOGL]]) are scheduled to appear virtually today before the Senate over Section 230 of the Communications Decency Act. The law allows social media companies to be exempted from the content third parties post on their platforms - because they are not deemed to be "publishers" - but critics take issue with the classification, given their current moderation policies. In prepared testimony, Mark Zuckerberg said Congress needs to "update" Section 230, while Jack Dorsey feels "eroding" the legislation would "collapse how we communicate on the Internet." Selling picks up, oil tumbles An alarming
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Wall Street Breakfast: Another Hearing For Big Tech