This push for transparency comes at a time of explicit scrutiny for Massive Tech, with stress surrounding inside algorithms and knowledge possession. Talking after the occasion, Mr Clegg was eager to emphasize the variations between Meta and its once-rival, X (then Twitter). Since Elon Musk, the world’s richest man, bought the social media platform from founder Jack Dorsey in 2022, the corporate has plummeted in worth and been on the centre of a number of controversies surrounding disinformation. Meta, in the meantime, has invested $20bn into on-line security and safety since 2016, together with $5bn this yr alone – a lot of which went in the direction of combatting on-line disinformation round excessive stakes elections in america and India. Its market capitalisation at the moment stands at $1.4trn.
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