Donald Trump’s move has laid bare the different rules for different forms of media, and Facebook and Google wants them ignored, writes David Fickling
Donald Trump’s move has laid bare the different rules for different forms of media, and Facebook and Google wants them ignoredYou might think that the Trump administration banning Chinese ownership of video-sharing app TikTok in the US on national security grounds would be a win for social media competitors such as Facebook, Alphabet and Twitter.
Media companies have always been regulated more tightly, especially in relation to foreign ownership. Rupert Murdoch had to give up Australian citizenship to buy a group of US TV stations in 1985, and little has changed since. When a British-Polish couple spent $8,000 buying a tiny radio station serving the upstate New York town of Tupper Lake in 2018, they needed to apply for a special waiver from the Federal Communications Commission .
Those regulations were designed for an era that had never conceived of Facebook, though. Thanks to that lack of oversight and decades of lobbying, the Silicon Valley companies that are now the world’s largest media businesses have been more or less exempt from the regulation their print and broadcast peers still deal with.
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