Social Media Algorithms Need to Be More Transparent: Wheeler

The video discusses the challenges of regulating disinformation on social media platforms, highlighting the role of legal frameworks like section 230. It explores the potential for a new digital platform agency to set standards without stifling innovation. The conversation contrasts industrial-era regulations with the needs of today's digital markets, emphasizing the importance of data as a key asset. The video also addresses the need for transparency in algorithms and suggests open APIs as a solution to ensure accountability and innovation.

What legal framework is mentioned as crucial for platforms to manage content?

• The Digital Millennium Copyright Act

• The Communications Decency Act

• The First Amendment

• Section 230

What is the proposed solution to address misinformation on social media?

• Increased fines for misinformation

• Public awareness campaigns

• Stricter censorship laws

• A new digital platform agency

What is a key concern when setting standards for digital platforms?

• Curtailing innovation

• Increasing user engagement

• Enhancing user privacy

• Reducing operational costs

What is the main difference between industrial-era regulation and digital-era needs?

• Industrial regulation focuses on physical assets, while digital needs focus on data

• Industrial regulation is more cost-effective

• Industrial regulation is more flexible

• Digital regulation is less necessary

What is considered the capital asset of the 21st century?

• Real estate

• Oil

• Data

• Gold

What is a major issue with current algorithms according to the discussion?

• Lack of transparency

• Excessive user data collection

• Inability to scale

• High operational costs

What is suggested to ensure transparency in algorithmic decision-making?

• Regular audits

• User feedback systems

• Increased government surveillance

• Open APIs