What we must regulate when we regulate social media platforms
Public policy should seek to prevent the concentration of narrative rather than market power in social media companies
The global debate over how to govern Big Tech has intensified after Twitter, Facebook, Alphabet and Amazon de-platformed former US President Donald Trump and some of his supporters in the wake of the mob raid on the US Capitol on 6 January. Clearly, transnational technology platforms not only influence politics and markets through actions of users they don’t control, but directly wield political power themselves. Human society has yet to completely adjust to these new power centres of the Information Age, and all states—from autocracies to liberal democracies—are in their own ways contending with the challenges of how to limit, constrain, regulate and harness them.