From our new piece in Scientific American:
Social media platforms are where billions of people around the world go to connect with others, get information and make sense of the world. These companies, including Facebook, Twitter, Instagram, Tiktok and Reddit, collect vast amounts of data based on every interaction that takes place on their platforms.
And despite the fact that social media has become one of our most important public forums for speech, several of the most important platforms are controlled by a small number of people. Mark Zuckerberg controls 58% of the voting share of Meta, the parent company of both Facebook and Instagram, effectively giving him sole control of two of the largest social platforms. Now that Twitter’s board has accepted Elon Musk’s $44 billion offer to take the company private, that platform will likewise soon be under the control of a single person. All these companies have a history of sharing scant portions of data about their platforms with researchers, preventing us from understanding the impacts of social media to individuals and society. Such singular ownership of the three most powerful social media platforms makes us fear this lockdown on data sharing will continue.
After two decades of little regulation, it is time to require more transparency from social media companies.
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