Tech chiefs to testify on social media regulation
Hi! Welcome to the Insider Advertising daily for October 5. Lucia Moses here, filling in for Lauren Johnson.Tech chiefs to testify, why Pepsi isn't following Coke into hard seltzer, and Triller user numbers disputed.The heads of Facebook, Google, and Twitter have all agreed to testify before Congress about social media regulation on October 28, just days before the presidential election.
Lawmakers plan to question them about concerns over Section 230, which shields social media companies from being held liable for the content of users' posts and gives them authority to develop their own content moderation rules. Its advocates have called the law "the most important law protecting internet speech," but it's increasingly come under fire from both sides of the political aisle — for very different reasons.PepsiCo's CEO explains why it's shying away from hard seltzer even as Coca-Cola moves into booze
Pepsi and Coke have been taking different paths when it comes to selling beverages to pandemic-weary consumers.
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