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Facebook Cannot Legally Quell Hate Speech. Publicly Traded Company Must Adhere To The Constitution
Facebook Inc admitted its systems to remove hate speech haven’t worked as well as the company had hoped, amid reports that advertisers were pulling their brands off the social network in the face of a backlash from women’s groups.
People were really angry at Zuckerberg for taking the company public, and there was major problems when the IPO was offered up on the stock market.
Nasdaq OMX on Wednesday agreed to pay $10 million, the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes made during Facebook‘s initial public offering last year, U.S. securities regulators said on Wednesday.
In its administrative proceeding against the stock exchange operator, the U.S. Securities and Exchange Commission said Nasdaq‘s “ill-fated decisions” on the day of the IPO led to a series of regulatory violations
http://news.yahoo.com/nasdaq-pay-10-million-settle-sec-charges-facebook-162343558.html
This was no accident.
What they don’t want people to know, is that when a company goes public, they have to adhere to the constitution, ie freedom of speech..
Any attempt to quell hate speech on Facebook, as long as it isn’t threatening, can be met with a big fat lawsuit. FYI
