Facebook's Economic Impact
Facebook generates an astonishing $370 billion in consumer surplus annually, despite being a free service. The challenge lies in regulating a platform that has significant implications for democracy and society, as concerns about its influence on elections and public health grow. With powerful lobbying efforts overshadowing regulatory discussions, there's a sense of urgency to address the potential consequences of inaction before it’s too late.In this clip
From this podcast
The Prof G Pod with Scott Galloway
5G, Disney+, and All Things Social Media
Related Questions
Can social media be regulated?
Can social media be regulated as discussed in the episodes "Algorithms and the Threats to Democracy," "Regulating Tech Platforms," and "State of Play: Geopolitics, US Foreign Policy, and NATO Enlargement — with Jeffrey Sachs and Regulation and Big Tech"?
Can social media be regulated as discussed in the episodes Algorithms and the Threats to Democracy, Regulating Tech Platforms, and "State of Play: Geopolitics, US Foreign Policy, and NATO Enlargement — with Jeffrey Sachs and Regulation and Big Tech"?