“Big Day For Fairness” – White House Plans To Empower FCC To Regulate American Social Media Giants

May 28, 2020

Zerohedge

Update (1150ET): In a statement that clearly established Nancy Pelosi and the Democrats as the greater of two evils for Silicon Valley tech giants and their leadership, the Democratic Speaker of the House said Twitter had not gone ‘far enough’ in fact-checking President Trump, while accusing Facebook of selling out the American people for money.

According to CNBC, Pelosi said Trump’s executive order, expected to be signed later on Thursday, is a “distraction”, but added that Twitter had “not gone far enough” in fact-checking the president, and called the current situation “outrageous”

At Facebook, she accused Zuckerberg of “only caring about making money”. “All they want is tax cuts and no regulation…there is no honor among thieves,” she reportedly said, according to Mui.

It appears the “techlash” in Washington remains alive and well.

Update (0850ET): Fox Business has just confirmed that President Trump plans to sign an executive order to implement everything we’ve discussed below.

FOX Business Network confirms that the President Trump is considering an Executive Order regarding social media companies. The EO would examine the legal protections that social media companies enjoy.
@EdwardLawrence

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