Jim Balsillie, Council of Canadian Innovators, arrives to appear as a witness at a Commons privacy and ethics committee in Ottawa on May 10, 2018.
He likened social media to radioactive energy. “Amazingly powerful, dangerous when it spreads, difficult to clean up, and with serious consequences when improperly used.” “By displacing the print and broadcast media in influencing public opinion, technology is becoming the new Fourth Estate. In our system of checks and balances, this makes technology co-equal with the executive, the legislative, and the judiciary,″ Balsillie said.
She referenced the Elections Modernization Act, which came into law last year, requiring social media companies to keep a registry of partisan and election ads. According to Basillie, financial liabilities are exactly what the government needs to introduce to get CEOs to take the problem of misinformation more seriously.Despite an invitation from the committee, Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg did not show up to the meeting. Their absences were emphasized with two empty chairs at the table.
Agree strongly with his views on social media.
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