The ride-sharing company has seen its stock fall almost 90% since its initial public offering. Now, with a new CEO, some analysts think the best plan may be to seek new ownership.
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It’s become popular at both ends of the political spectrum to beat up on Section 230, a provision of the 1996 Communications Decency Act that established the ground rules for the modern internet. Section 230 protects websites from liability for user generated content, while allowing them flexibility to moderate content. Demands in Washington to repeal the rule have reached a fever pitch, but it would be a very bad idea.
The key piece of Section 230 is just 26 words: “No provider or user of an interactive computer service shall.
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Why Repealing Section 230 Could Ruin the Internet
It’s become popular at both ends of the political spectrum to beat up on Section 230, a provision of the 1996 Communications Decency Act that established the ground rules for the modern internet.
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I’ve always been skeptical about the push to sue, legislate, and regulate social media companies toward better behavior. My view has been they might get their wrists slapped, but that the risks weren’t material to the stocks. And that has largely been the right call. Now I’m not so sure.
State and federal litigation against
Facebook (ticker: FB) and
Alphabet -owned Google (GOOGL) is mounting. And social media firms are taking heat for their role in creating the fraught political climate that led to a mob taking over the U.S. Capitol this past Wednesday. In short, the risks to the social media companies and their shareholders are rising.
Fiat Chrysler (FCAU) combined. Imagine if Apple had actually announced something.
Stories about Apple’s ambitions in the automobile market have swirled for at least a decade. “Steve Jobs, if he’d lived, was going to design an iCar,” Mickey Drexler, a former Apple board member, said in a 2014 interview at the Parsons School of Design in New York. Over the years, there have been reports that Apple has hired hundreds of engineers for what is supposedly known as Project Titan. The Reuters report says that Apple has new battery technology that will provide longer range and lower costs than existing batteries used by