*By Carlo Versano*
Well, that happened.
Far-right conspiracy theorist and verbal bomb-thrower Alex Jones crashed both the Senate and House hearings on big tech Wednesday, commandeering media attention and at one point nearly getting into an altercation with Sen. Marco Rubio (R-FL).
Jones told Cheddar's J.D. Durkin that he was there to "face my accusers." Jones, who founded the conspiracy site InfoWars, was booted off Facebook and YouTube for peddling hate speech, though he remains active on Twitter.
His comments to Cheddar came on a marathon day for big tech on Capitol Hill. Facebook's COO Sheryl Sandberg and Twitter's founder and CEO Jack Dorsey addressed the Senate Intelligence Committee Wednesday morning, and Dorsey testified for the House Energy and Commerce Committee in the afternoon. Both sessions were meant to discuss how the respective platforms can better protect billions of users against fake news, propaganda, harassment, and hate speech.
Both executives said they were taking specific steps to address the spread of misinformation. For example, Facebook now demotes articles rated as "false" by third-party fact checkers, warns users before they share such posts, and promotes related articles that are deemed more accurate, Sandberg said.
Still, they admitted their efforts came too late.
"We were too slow to spot this and too slow to act," Sandberg said during the Senate hearing, addressing Russian attempts to interfere in the 2016 U.S. presidential election.
And Dorsey said Twitter was "unprepared and ill-equipped" to defend users against nefarious actors that have gamed the platform's services.
Investors were seemingly unimpressed by the execs' statements ー shares of Facebook, Twitter, and Dorsey's other company Square were all down along with the broader social media and tech space Wednesday.
Dorsey and Sandberg agreed that fake accounts are the root of many of their problems. Both platforms, the executives said, are now proactively shutting down millions of accounts a week. Sandberg also added that Facebook employs 20,000 security and safety personnel who work 24 hours a day.
The Senate hearing got off to a collegial start, as Sens. Richard Burr (R-NC) and Mark Warner (D-VA) expressed their appreciation for the steps Facebook and Twitter have taken to regain control of their platforms. Though Burr added, "I'm not sure your success is the big story here."
Two of Silicon Valley's most respected execs sitting side-by-side on Capitol Hill was a potent visual ー even more so because of who was absent. The committee rejected Google's offer to send its chief legal counsel, and neither the company nor its parent Alphabet sent their CEOs or chairmen.
Instead, an empty chair joined Sandberg and Dorsey on the dais.
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. Trump sought to fire Cook Aug. 25, but a federal judge ruled late Tuesday that the removal was illegal and reinstated her to the Fed’s board.
President Donald Trump's administration is appealing a ruling blocking him from immediately firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The notice of appeal was filed Wednesday, hours after U.S. District Judge Jia Cobb handed down the ruling. The White House insists the Republican president had the right to fire Cook over mortgage fraud allegations involving properties in Michigan and Georgia from before she joined the Fed. Cook's lawsuit denies the allegations and says the firing was unlawful. The case could soon reach the Supreme Court, which has allowed Trump to fire members of other independent agencies but suggested that power has limitations at the Fed.
Chief Justice John Roberts has let President Donald Trump remove a member of the Federal Trade Commission, the latest in a string of high-profile firings allowed for now by the Supreme Court.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize.
Donald Trump has a message for critics who think turning the U.S. government into a major stockholder of Intel is a “socialist” move: More is coming.
Federal Reserve Gov. Lisa Cook's lawyer says she'll sue President Donald Trump's administration to try to prevent him from firing her. Longtime Washington attorney Abbe Lowell said Tuesday that Trump “has no authority to remove” Cook. If Trump succeeds in removing Cook from the Fed's board of governors, it could erode the Fed’s political independence, which is considered critical to its ability to fight inflation because it enables the Fed to take unpopular steps like raising interest rates. The Republican president said Monday he was removing Cook because of allegations she committed mortgage fraud. Cook was appointed by Democratic President Joe Biden in 2022 and says she won't step down.
Federal Reserve governor Lisa Cook late Wednesday said she wouldn’t leave her post after Trump on social media called on her to resign over an accusation from one his officials that she committed mortgage fraud.
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