New York CNN —Social media companies are soaking up the billions in advertising dollars that once flowed to legacy media companies — a trend that continues to accelerate despite an ever-growing mountain of evidence indicating the Silicon Valley titans govern their ballooning kingdoms with little regard for how their products negatively impact society.
Time and time again, companies like Instagram, YouTube, TikTok, Snapchat and others have been caught allowing harmful content to exist on their platforms.
The committee heard testimony from the heads of the largest tech firms on the dangers of child sexual exploitation on social media.
To be fair, brands would likely prefer to advertise on the platforms of responsible media actors versus the risky world of social media.
But Big Tech offers these brands much more effective targeting, while boasting a larger and younger audience than legacy news organizations.
Persons:
BuzzFeed, You’re, It’s, Meta, ”, Jeff Horowitz, Katherine Blunt, Mark Zuckerberg, Anna Moneymaker
Organizations:
New York CNN, Social, Media, New York Times, CNN, YouTube, Times, Meta, Dirksen, Facebook, Big, Big Tech, News
Locations:
New York, Snapchat, Washington ,