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What To Make Of Snapchat's Decision To Stop Promoting Trump

What To Make Of Snapchat's Decision To Stop Promoting Trump

Snap Inc (NYSE: SNAP) will no longer promote U.S. President Donald Trump's account on Snapchat's "Discover" page. Axios' Sara Fischer was a guest on CNBC's "Squawk Box" to discuss her report and the broader takeaway in the social media sector.

Impact On Facebook

Snapchat's decision contrasts Facebook, Inc. (NASDAQ: FB) Mark Zuckerberg, who said the company doesn't want to take on the role of being "arbiters of truth."

Fischer said Zuckerberg is now in a position where he may need to compromise his long-term vision of Facebook being a free speech zone while his biggest rivals are taking the exact opposite option. As such, it may prove to be a "long battle ahead" if it wants to keep its position.

Let The People Decide?

"Squawk Box" co-host Joe Kernan said the American public should be the one to decide for themselves what to believe instead of an appointed fact-checker "deciding what I am allowed to see."

Snap appears to be taking a position where it wants to warn its users that "as a company disagrees with some of the content," Fischer said. While this is a subjective position for domestic politics, companies will need to "take a line" in places like Myanmar that incite violence over social media outlets.

Related Links:

Trump Signs Executive Order To End Social Media Legal Immunity For Third-Party Content

Trump Had A 'Productive' Call With Facebook CEO Day After He Signed Executive Order Targeting Social Media


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Posted-In: Axios Sara Fischer SnapChat social mediaPolitics Tech Media General Best of Benzinga