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As President-elect Donald Trump prepares to take office on January 20, tech executives are increasingly showing their support. After Meta Platforms (META) CEO Mark Zuckerberg announced the end of Facebook's fact-checking system, Washington Post Staff Writer Naomi Nix joins Market Domination to discuss this significant shift.
Nix describes this as a "180" degree shift in the company's operations, noting that Zuckerberg and other top executives previously "tout[ed] the fact-checking program" as evidence of their commitment to "protect the public."
However, with Trump's return to the White House, Zuckerberg appears to be repositioning to "align himself with Republican talking points," claiming that the fact-checking program increases censorship and is "too biased and led to too many errors" — echoing key rhetoric from the Trump administration and Republican leaders.
"Not only has the president-elect been critical of Mark Zuckerberg in the past, and critical of the company's move to take down content including his [Trump's] own accounts... When he assumed power, there would be significant regulatory pressures facing the company," Nix tells Yahoo Finance, adding, "and so there's a lot of incentives to Meta's bottom line for the company to make these kind of moves to appease Trump."
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However, Nix points out that the impact extends beyond the tech landscape: "The real question will be whether the company will be able to continue to make these moves [while] holding on to the trust and faith of their workforce."
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This post was written by Angel Smith