NAACP President and CEO Derrick Johnson told Cheddar he is "not surprised" a recent meeting between Facebook and civil rights organizations did not end as hoped.
The social media giant reached out as major advertisers pulled marketing campaigns, unhappy with the company's decision to allow hateful content and misinformation to live on the platform.
"Unfortunately we’re not surprised. After two years of discussion with Facebook, we’ve heard statements of value, we’ve heard statements of concern, and how we all agree. What we have not seen is action," Johnson stated.
The recent ad boycott began in the weeks after the police killing of George Floyd. As massive demonstrations took place across the county, Trump posted a message on Twitter and Facebook, warning, in part, "when the looting starts, the shooting starts." Twitter opted to issue a warning about the post, while Facebook decided to let it remain unaltered. Zuckerberg explained in a post that the company's "position is that we should enable as much expression as possible unless it will cause imminent risk of specific harms or dangers spelled out in clear policies."
"For Mark Zuckerberg or anyone else to suggest that hate speech is ok as long as it’s partisan, that’s asinine thinking," Johnson said.
Refusal to curb the spread of hate speech and misinformation on Facebook, Johnson said, threatens American governance.
"If we demean the civility of our discourse to say that if someone says something racialized, it’s ok, it’s partisan, that’s no way to run this democracy," he noted.
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
Jim Worden, Chief Investment Officer at Wealth Consulting Group, joins Cheddar News' Closing Bell, where he says the period between Christmas and New Year's is difficult to predict due to a lack of institutional volume, with the Omicron variant adding even more uncertainty on Wall Street.
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says that some of the major stock positions are getting the most lift to the upside as the major indexes climb higher to begin the week.
