this post was submitted on 29 Aug 2024
91 points (100.0% liked)
Technology
37801 readers
214 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this is just how capitalism works - you have to appeal to your audience more than your competition, and guess which kind of content teenagers want to watch more. Hell, even adults want fun content as opposed to educational content.
they're not willingly selling a worse society for profit, that's just the only way to stay competitive.
any platform that pushes educational content in North America would just not get any customers and go bankrupt.
edit: there's plenty of educational video platforms out there, like Khan academy. Try and get your kids to scroll through that during their free time instead, I bet they won't.
I know how capitalism works... I was just sharing my thoughts on the situation of a company knowingly adjusting the algorithm in a positive direction for one demographic but a negative for another showing a clear awareness of impact. Not sure why you are so worked up about tiktok getting criticized too. Whatever.
In the US, publically traded companies have a legal obligation to make as much money for their shareholders as legally possible (See Ford getting sued by shareholders after giving workers raises). It would be borderline illegal for a company to adjust their algorithm in a way that makes them less competitive.
This needs to be regulated by government, not the companies themselves. Thay would mean that the companies would be forced to all change their algorithms at the same time, and not impact their competitiveness.
So the government going after tiktok is a good first step, IF it does the same thing to Facebook / instagram / YouTube / snapchat. But I'm betting it won't be because those companies spend an absurd amount of money on lobbying.
This is a false narrative that stock traders push. The fiduciary duty is just one of several that executives have, and does not outweigh the duty to the company health or to employees. Obviously shareholders will try to argue otherwise or even sue to get their way, because they only care about their own interests, but they won't prevail in most cases if there was a legitimate business interest and justification for the actions.