Rep. Frank Pallone: 'Your Business Model Itself Has Become the Problem'
26 March 2021 - 4:19AM
Dow Jones News
By John D. McKinnon
Rep. Frank Pallone's opening statement added to the worries for
Big Tech on a day that has gone badly for chief executives so
far.
Mr. Pallone (D., N.J.), the chairman of the full Energy and
Commerce Committee, signaled that he's focused on changing the
platforms' incentives for promoting attention-grabbing content,
such as disinformation.
"Your business model itself has become the problem," said Mr.
Pallone, who ultimately controls the panel's agenda. He promised to
push legislation to change the platforms' incentives.
That's a bit of a paradigm shift for Mr. Pallone, who was not
viewed as a leading critic of the platforms when he took over as
chairman a few years ago.
This item is part of a Wall Street Journal live coverage event.
The full stream can be found by searching P/WSJL (WSJ Live
Coverage).
(END) Dow Jones Newswires
March 25, 2021 13:04 ET (17:04 GMT)
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