Context: Social media companies are not digital media companies. The new IT guidelines fail to get this fact
Need for regulating social media companies
Shift in advertising and revenue from local news agencies to Big Tech: leading to a decline in the equity and sovereignty of news coverage.
From 2014 to 2020, there was a decline in global advertising on TV (33%) and newspapers(60%), while expenditure on search marketing(78%) and social media (300%) has grown.
In the last 15 years, 25% of US newspapers have disappeared, along with half of the jobs.
This sacrifices the equitable representation of a democracy’s population: resulting in vulnerable communities living in news deserts without an alternative source of credible information.
Negative implications on society: Social media’s toxicity affects social cohesion and will result in decline of traditional and local news. (constitute explicit threats to a healthy democracy)
Problems associated with regulating digital media companies
Fails to differentiate between social media and digital media companies: who are just content distributors, who deny responsibility for the same.
Most other democracies protect traditional digital media from laws directed at social media.
For E.g. The Network Enforcement Act in Germany specifies that digital media ‘shall not constitute social networks within the meaning of this Act’.
Powers to the government: which has assumed the role of content moderator (through Ministry of Electronics and Information Technology and Ministry of Information and Broadcasting). Implications:
Weakened and restricted digital media companies (local newspapers)may become mouthpieces of the local government in lieu of advertising revenues.
A strong and oligopolistic social media landscape, allied with the ruling establishment, can enhance government reach and amplify appropriate messages like never before.