💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

Tech executives head to U.S. Congress under harsh spotlight

Published 31/10/2017, 11:18
© Reuters. FILE PHOTO: A 3D-printed Facebook like button is displayed in front of the Twitter logo, in this illustration
GOOGL
-
META
-
TWTR
-
GOOG
-

By David Ingram

WASHINGTON (Reuters) - Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) and Alphabet (NASDAQ:GOOGL) Inc's Google head before U.S. lawmakers on Tuesday for two days of gruelling hearings on how Russia allegedly used their services to try to sway the 2016 U.S. election.

At stake for the Silicon Valley companies are their public images and the threat of tougher advertising regulations in the United States, where the technology sector has grown accustomed to light treatment from the government.

Facebook, the world's largest social network, added fuel to the debate on Monday when it told Congress in written testimony that 126 million Americans may have seen politically divisive posts that originated in Russia under fake names.

That is in addition to 3,000 U.S. political ads that Facebook says Russians bought on its platform.

Google and Twitter have also said that people in Russia used their services to spread messages in the run-up to last year's U.S. presidential election.

The Russian government has denied it intended to influence the election, in which President Donald Trump, a Republican, defeated Democrat Hillary Clinton.

U.S. lawmakers have responded angrily to the idea of foreign meddling, introducing legislation to require online platforms to say who is running election ads and what audiences are targeted.

"The companies need to get ahead of the curve here," said James Lewis, senior vice president of the Washington-based Center for Strategic and International Studies. If they can, he added, they might avoid regulation.

Lewis, speaking during the Reuters Cyber Summit in Washington, said he expects European officials to watch the U.S. hearings closely.

The U.S. Senate's crime subcommittee will be the first of three committees to hold hearings on Russia. Its hearing is set for 2:30 p.m. ET (1830 GMT).

Facebook and Twitter are dispatching their general counsels, Colin Stretch and Sean Edgett, to appear before the subcommittee, while Google is sending its director of law enforcement and information security, Richard Salgado.

"Our goal is to bring people closer together; what we saw from these actors was an insidious attempt to drive people apart. And we're determined to prevent it from happening again," Stretch will tell lawmakers, according to an advance copy of his remarks.

Facebook and Twitter have taken steps towards self-regulation, saying they would create their own public archives of election-related ads and also apply more specific labels to such ads.

Google followed on Monday, saying it would create a database of election ads including ones on YouTube.

The companies have meanwhile disclosed new details about the extent of Russia-based material, raising alarms about a sector that once inspired idealism.

"The internet was seen as a great engine for promoting democracy and transparency. Now we are all discovering that it can also be a tool for hijacking democracy," said Karen Kornbluh, a senior fellow for digital policy at the Council on Foreign Relations.

© Reuters. FILE PHOTO: A 3D-printed Facebook like button is displayed in front of the Twitter logo, in this illustration

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.