Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

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

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

RELATED POSTS

Best Options Prop Trading Firms (2023) | 13 Top Prop Firms for Options Trading

May Employment Preview

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

Best Options Prop Trading Firms (2023) | 13 Top Prop Firms for Options Trading

by
June 2, 2023
0

As a seasoned options trader, you’ve decided it’s time to up your game by joining a proprietary trading firm. The...

May Employment Preview

by
June 2, 2023
0

by Calculated Risk on 6/01/2023 02:34:00 PM On Friday at 8:30 AM ET, the BLS will release the employment report...

U.S. Births decreased Slightly in 2022

by
June 2, 2023
0

by Calculated Risk on 6/01/2023 03:00:00 PM From the National Center for Health Statistics: Births: Provisional Data for 2022. The...

Friday: Employment Report

by
June 2, 2023
0

by Calculated Risk on 6/01/2023 09:01:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:...

Here’s what to watch out for in Friday’s jobs report for May

by
June 2, 2023
0

Construction workers on a job site on May 05, 2023 in Miami, Florida. Joe Raedle | Getty Images Watching the...

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

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

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

All rights reserved by www.tradingconcept.net