Unlocking the Future of Display Technology

A tech innovator could enable the mass commercialization of MicroLED displays, securing a partnership with Taiwan's leading manufacturer. Can this under-the-radar company follow in OLED's footsteps?

Spain's leader wants the EU to 'make social media great again.' Here's how

JOSEPH WILSON and JAMEY KEATEN
January 23, 2025

DAVOS, Switzerland (AP) -- Spanish Prime Minister Pedro Sánchez is launching a crusade against what he sees as the downsides of social media.

The Socialist leader wants the European Union, which already leads the world in internet regulation, to put additional checks on Elon Musk's X, trendsetting video app TikTok, and Meta's Facebook and Instagram for having, in his words, put participatory democracy and the mental health of users at risk.

"I believe social media are now a common resource for humanity, like the oceans, and they should be protected and managed accordingly," Sánchez said.

While attending the World Economic Forum in Davos, Switzerland, the prime minister on Wednesday laid out his vision for how the EU might "make social media great again." Here is what you need to know about his three-point plan:

Step 1: End user anonymity

Sánchez he would propose legislation aimed at ending anonymity for social media users when the EU's leaders meet in Brussels on March 20-21.

His idea is for each username to be a pseudonym that must be registered under a real identity with European authorities, using a "European digital identity wallet."

"This way citizens could use nicknames if they want, but in the case of a crime, public authorities would be able to connect those nicknames to real people and hold them responsible," he said.

Sánchez argued that "no one can send packages without showing an I.D. or buy a hunting weapon without giving their name, and yet we are allowing people to roam freely on social networks without linking their profiles to a real identity. This paves the way for misinformation, hate speech and cyber harassment because it is facilitating the use of bots and it is allowing people to act without being held accountable for their actions."

The proposal, however, clashes with longstanding demands of digital rights groups, which say that protection of online anonymity is important to protect freedom of speech and removing it could have a chilling effect. Such groups say anonymity is a cornerstone of online communications and a critical tool to challenge authority and express controversial opinions.

Step 2: More transparency for algorithms

Sánchez will urge European officials to apply the 27-nation bloc's Digital Services Act to "force open the black box of social media algorithms." The EU adopted the law in 2023 with the stated goal of keeping internet users safe online.

The Spanish leader says the EU also needs to reinforce the European Centre for Algorithm Transparency so it can "inspect the functioning of social networks without any limitations."

Tech companies might resist attempts by authorities to peek under their programming hoods, citing a desire to protect their intellectual property. But authorities on both sides of the Atlantic have made moves to investigate algorithms.

EU officials said last week that they ordered X to turn over more information as part of a Digital Services Act investigation into the social media platform, including on the algorithms used by its recommendationr system. Meanwhile, Missouri's attorney-general unveiled plans for new rules on algorithm transparency, including giving internet users a choice of the algorithms their social media platforms use.

Step 3: Hold tech CEOs responsible

The third plank of Sánchez's plan is for the EU to go right up to the top of the social media companies for any social ills produced by their platforms.

Sánchez said he recommends that "social media CEOs (be) held personally accountable for non-compliance with laws and norms in their platforms," describing such accountability as no different than what most business owners have for their products.

Britain has taken a similar step. Under online safety rules, senior managers at tech companies face criminal liability in certain situations, mainly for the relatively minor issue of failing to respond properly to information requests.

Why is Sánchez taking aim at social media?

Spain has joined governments around the world that are concerned with the impact of social media on children and teenagers. Spain has limited the use of mobile phones in schools, while Sánchez has decried what he calls an epidemic of online pornography that increasingly is reaching young children.

At Davos, the prime minister challenged the involvement of social media platform owners like Musk in politics. After helping to bankroll Donald Trump's candidacy to reclaim the U.S. presidency, the world's richest man has ventured into European politics.

Mark Zuckerberg, Meta's CEO and the founder of Facebook, also has sought Trump's approval. Meta has rolled back its content moderation, a move that critics say will let misinformation and online abuse spread unchecked.

"(The) owners of the big social media consoles, a small group of techno billionaires ... are no longer satisfied with holding nearly total economic power," Sánchez said. "Now they also want political power in a way that is undermining our democratic institutions."

Sanchez's office said Thursday that it did not have details to share beyond the ones he outlined a day earlier.

Argentine President Javier Milei, who also was attending the Davos meeting and on Thursday gave a speech railing against what he described as the evils of "woke" progressive policies, panned Sánchez's proposal.

"I am not surprised that a Socialist like Sánchez wants to silence those who think differently," Milei told reporters after his speech.

___

Wilson reported from Barcelona, Spain. AP Technology Writer Kelvin Chan contributed from London.

Continue Reading...

Popular

Napster sold to tech commerce company for $207 million

NEW YORK (AP) — A brand that was notoriously connected to music piracy before reemerging as a subscription music service has been sold to Infinite Reality for $207 million.

Trump has begun another trade war. Here's a timeline of how we got here

NEW YORK (AP) — Long-threatened from have plunged the country into a global trade war — all while on-again, off-again new levies continue to escalate uncertainty.

DOGE Could Send 6 AI Stocks Through the Roof - Ad

Expect an announcement from Elon any day now ...Thousands of government jobs could be replaced ...By a new form of AI. This one move could save American taxpayers billions of dollars. And we believe six specific stocks could soar as a result.

Chewy Q4 Earnings Preview: Analyst Says 'Consumer Spending Headwinds' Could Overshadow Growth, Limit Upside

Chewy has beaten analyst estimates for earnings per share in more than 10 straight quarters. Could the trend continue with fourth-quarter results?

Trump's crypto empire set to expand with new stablecoin and investment fund offerings

President Donald Trump’s is expanding with the recent announcements of a new dollar-backed stablecoin and investment funds for digital assets. The moves are the latest in the norm-defying ways the president has leaned into crypto projects that could significantly boost his personal wealth while in office.

Forget Nvidia - This Odd Tariff Play Is Now Going Viral - Ad

As President Trump slaps China with new tariffs, the Fed is boxed in--and gold is skyrocketing just like it did during Trump's first term. JPMorgan just grabbed $4 Billion in gold bars... should you? Discover a "Tariff Assistance Loophole" to move funds from your IRA & 401(k) into gold--tax-free!

What's Going On With MicroAlgo (MLGO) Stock?

MicroAlgo shares are trading lower by 15.6% during Tuesday's session. The stock is pulling back, potentially amid profit-taking, after gaining some 217% over the trailing five sessions.

10 IRA mistakes to avoid

From contributions to conversions to distributions, don’t fall into these traps when managing your IRA.

What Trump's New Wealth Fund Could Mean for Your Money - Ad

His recent Executive Order outlines a plan to create America's first national Sovereign Wealth Fund. President Trump has put the world on notice. This new Sovereign Wealth Fund may be coming - perhaps in as little as the next 90 days. Take advantage of the time you have to prepare.

South Africa president says persecution of whites a 'false narrative' as Musk repeats genocide claim

CAPE TOWN, South Africa (AP) — South African President Cyril Ramaphosa said Monday the claim that in his country is a “completely false narrative.” It was his latest attempt to push back against allegations made by , and some white minority groups in South Africa.

Trump Yanks Security Clearances From Biden, Harris, Clinton, and Other Foes

President Trump has rescinded security clearances and access to classified information from a list of high-profile individuals.

Trump's Next Move - Ad

First it was MAGA, then MAHA, now MARA. New video reveals what Trump's greatest plan yet. Presidential insider exposes shocking plot to reshape U.S. economy.

Lockheed Martin Stock Dips As BofA Analyst Lowers EPS Estimates, Forecast After Air Force Contract Setback

Lockheed Martin's stock downgraded and price forecast cut after losing $20 billion contract to Boeing for Next Generation Air Dominance program.

Trump's Final Betrayal - Ad

Exposed: the shocking economic plot to "reset" the U.S. economy and redistribute trillions of dollars in wealth.

States team up to defend green transportation projects targeted by Trump

CHICAGO (AP) — Hundreds of bicycle advocates were at an annual summit this month in Washington, D.C., when their cellphones lit up over breakfast with an urgent email warning that President Donald Trump's had just halted federal for bike lanes.

Mark Cuban Stunned By Dončić Trade: 'I Was Just As Dumbfounded As Everybody Else'

Former Dallas Mavericks owner Mark Cuban has voiced his shock over the recent trade of Luka Dončić to the Los Angeles Lakers.

Trump's Secret Plan to Reboot the Dollar Leaked? - Ad

Steve Bannon let slip 3 shocking words--and Wall Street panicked. According to Bannon, President Trump is poised to restore the gold standard, reset the dollar, and send gold soaring. Position yourself before it's too late! Claim your free 2025 Gold Guide and discover the Trump Loophole to move funds from your IRA & 401(k) into gold--tax-free!

Liverpool switches back to Adidas from Nike for next season

LIVERPOOL, England (AP) — Premier League leader is reuniting with Adidas as its uniform supplier for the first time in 13 years, starting from next season.

A rare peek at the hidden waterworks behind Rome’s Trevi Fountain

ROME (AP) — The , arguably the world’s most famous, has graced screens for decades, from Fellini’s “La Dolce Vita” to Netflix’s “Emily in Paris.” Each year, millions of visitors push through Rome's narrow streets to gaze at the towering Titan god flanked by falls cascading into a turquoise pool.

Elon Musk's New Project... Revealed - Ad

You won't believe what Elon Musk is hiding... Inside this facility in the middle of an industrial zone of Memphis, right next to a decommissioned coal plant.

Kenya-based content moderators mourn Nigerian colleague who 'was desperate to go home'

NAIROBI, Kenya (AP) — Technology workers in Kenya held a vigil Tuesday for a colleague who died in unclear circumstances after she was unable to travel to her home in Nigeria for two years.

Elon's Biggest Secret Could Save Your Retirement - Ad

From a near-fatal car crash to surviving deadly malaria, Musk's fearless drive built Tesla, SpaceX, and Starlink. Now, he's warning America--and smart investors are listening. Discover the Trump IRS Loophole to protect your IRA & 401(k).

Amtrak CEO abruptly resigns from the nation's passenger railroad

NEW YORK (AP) — Amtrak CEO Stephen Gardner abruptly resigned from his top post at the U.S. passenger railroad this week.

Hong Kong's richest man, Li Ka-shing, is in hot water over his company's Panama Ports deal

HONG KONG (AP) — Hong Kong tycoon Li Ka-shing’s business empire is in the after CK Hutchison Holdings chose to sell its Panama Canal to a consortium that includes U.S. investment firm BlackRock Inc., apparently angering Beijing.

Discover the 2025 IRS Loophole Americans Are Using - Ad

If you have $50,000 or more saved for retirement, it could be at risk! 100% Tax & Penalty Free!

Johnson & Johnson's Golden Cross: Technical Momentum Meets Groundbreaking Lung Cancer Breakthrough

JNJ stock hits Golden Cross, signaling potential long-term upside. Latest breakthrough in lung cancer treatment could provide additional catalyst.

Trump says he'll buy a Tesla to show support for Musk as his company faces financial trouble

WASHINGTON (AP) — With facing escalating political blowback and financial troubles, President said he would buy a Tesla vehicle from his company, an unusual show of support from the president to .

Time to Buy Shares of Elon Musk's Partner - Ad

The CEO of Nvidia said Elon Musk's new project is... "easily the fastest supercomputer on the planet." And Eric Fry, the legend who picked 41 stocks that jumped 1,000%+. Is now recommending shares of a company that has partnered with Elon Musk in this new project.

Edmunds: 2025 Honda CR-V vs. 2025 Subaru Forester

The is a redesigned model, but Subaru didn’t exactly stray from the formula of the last generation. It’s still a boxy small SUV with great visibility, adventure-ready versatility, and a no-nonsense approach to interior design. Its many upgrades for 2025 help keep it competitive, but how does it fare against the class best?

Argentine retirees and soccer fans clash with police during protests against austerity measures

BUENOS AIRES, Argentina (AP) — Argentine retirees and fans of several soccer teams clashed with police Wednesday during a protest in front of Congress in the capital, Buenos Aires, against the economic policies implemented by the government of .

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Alibaba, Marvell Technology, Rigetti Computing, Broadcom, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Wall Street closed higher on Wednesday as investors weighed mixed economic data and awaited former President Donald Trump's decision on possible tariffs. The S&P 500 rose 1.12% to 5,842.63.

New "Trump" Currency Proposed in DC - Ad

A new Executive Order could unlock a $150 trillion hidden asset--and spark a historic boom in one overlooked corner of the market. Jim Rickards reveals the full story--before it hits front-page news. Watch now before it's too late!

Elon Musk Says Ukraine Behind 'Massive Cyberattack' On X: 'We're Not Sure Exactly What Happened...'

Elon Musk stated that the reported "massive cyberattack" that his social media account X faced on Monday is suspected to have originated from Ukraine.

Elon Musk Suggests Trans People at Fault for Tesla Attacks as Estranged Trans Daughter Calls Him 'Pathetic'

Elon Musk's controversial claim linking transgender people to Tesla attacks sparked backlash, coinciding with sharp criticism from his estranged trans daughter in a Teen Vogue interview.

A Radical New AI Development - Ad

According to this billion-dollar fund manager, AI is way more advanced than most people realize... Thanks to a radical new development, folks who aren't positioned correctly are about to get blindsided.

Strategy's Unrealized Gains Hit Hard Following Bitcoin's Price Slump

The recent downturn in Bitcoin’s (CRYPTO: BTC) value has significantly affected the unrealized gains of Strategy Inc. (NASDAQ:MSTR), which has made substantial investments in the cryptocurrency.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service