The Next Palantir Moment Could Be Here

A $21M market cap company is landing multimillion-dollar contracts with banks and governments. With only 9.7M shares in the float, scarcity could spark explosive moves.

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

Bill Ackman Has 70% Of His Portfolio Invested In These 5 Stocks: Here's What Q2 13F Filings Show

Discover how Bill Ackman invested ~70% of his $13.7M portfolio in 5 stocks like UBER & AMZN per Q2 2025 13F filings. Explore top holdings now!

California crew arrested for hundreds of Home Depot thefts worth $10M, police say

VENTURA COUNTY, Calif. (AP) — Southern California authorities say they uncovered a criminal ring that stole $10 million in merchandise from Home Depot over several years, including 600 thefts this year alone, which the company calls the largest organized retail theft in its history.

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Mystery surrounds $1.2 billion Army contract to build huge detention tent camp in Texas desert

WASHINGTON (AP) — When last month awarded a contract worth up to $1.2 billion to build and operate what it says will become , it didn’t turn to a large government contractor or even a firm that specializes in private prisons.

The $25M Contract Nobody Is Talking About - Ad

One deal alone covers the entire valuation of this overlooked stock. And more contracts are already stacking up in Europe and the US.

Bitcoin Will Correct Further In September, Analyst Maintains

Prominent crypto analyst Benjamin Cowen has emphasized his expectation of a September pullback for Bitcoin (CRYPTO: BTC), highlighting critical support levels to watch.

Inside Warren Buffett's Decision to Keep Leading Berkshire Hathaway in His 90s

Warren Buffett's retirement decision has sparked debates about his reasons for working past the typical retirement age and his current choice to step aside.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50. - Ad

The AI company making heart disease easier to detect is offering investors $3.50 investment units that include one convertible preferred share and one warrant, providing investors with access to 2 common shares. Based on analyst 1- year projections, that amounts to a near-term 500% return potential.

How To Earn $500 A Month From HP Stock Ahead Of Q3 Earnings

HP offers an annual dividend yield of 4.29%, or $1.16 a year. So, how can investors capitalize and pocket a regular $500 monthly?

NextEra Energy Eyes A Nuclear Revival

NextEra Energy plans to bring the Duane Arnold nuclear plant back online as major tech companies seek more nuclear energy.

This Gold Miner Has the Map, the Metal, and the Momentum - Ad

JPMorgan is forecasting that gold will push past $4,000, and this Nevada operation is positioned to benefit. Historical estimates show its property could hold around 1.8 million ounces of measured and indicated gold, backed by infrastructure and billionaire investors. The company's already producing, refining gold onsite and looking to expand. That's not a dream-stage story-that's a head start.

What's Going On With Dell Stock Thursday?

Dell Technologies Inc. (NYSE:DELL) is in the spotlight Thursday ahead of its second quarter earnings report today after the market closes.

Powerball Jackpot Soars To $1.1 Billion After No Winning Tickets, 5th Largest In History

The Powerball jackpot has reached $1.1 billion after no winner in Saturday's drawing, with nine tickets earning $1 million.

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch. Discover the little known gold company that's already producing.

A downturn in international travel to the U.S. may last beyond summer, experts warn

LAS VEGAS (AP) — For a few hopeful weeks this summer, a bright billboard on the major highway linking Toronto to New York greeted Canadian drivers with a simple message: "Buffalo Loves Canada.”

Trump Ends De-Minimis Exemptions To All Countries: How This Will Impact Your Online Shopping

President Donald Trump's executive order, which ends de minimis exemptions, is set to take effect on Friday. This will effectively close the duty-free shipping loophole that allowed small commercial packages worth $800 or less to enter the United States without being subject to taxes or tariffs.

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

Bitcoin Recovers Amid Trump's Potential Fed Majority; Ethereum, Dogecoin, XRP Also Gain; Analyst Expects ETH To Consolidate In This Range

Leading cryptocurrencies rebounded Tuesday amid increased expectations of a rate cut following Federal Reserve Governor Lisa Cook’s removal and President Donald Trump getting a potential majority on the central bank’s board.

Why Quantum Computing (QUBT) Stock Is Getting Crushed Today

Shares of Quantum Computing are caught in a broader market selloff Tuesday. Rising U.S. Treasury yields spook investors away from growth sectors.

The Best Case for Gold, Ever - Ad

Gold has hit all-time highs, breaking $3,600 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Enovix Stock Tumbles After Hours: What To Know

Enovix shares are down after the company announced the offering of $300 million in convertible senior notes.

'You're planting your brand flag': The power of brand building in the women's sports boom

On a cold day in the beginning of 2024, Alastair Merry and Mary Lou Bunn had a few questions for a public librarian in Ottawa, Ontario.

"40% Crash Coming? Yes, But Not Like You Think..." - Ad

The global order is in chaos. And according to 40-year market veteran Dr. David Eifrig, the biggest controlled demolition of the old monetary order in history could now be here, too. That means if you don't take action today, your wealth could decline by 40%... (Yes, even your cash savings.)

What's Going On With Palantir Technologies Stock?

Shares of Palantir are trading lower Wednesday afternoon. The stock is continuing a recent pullback from all-time highs.

Gold Alert: Extraordinary Upside in One Stock (Not a Miner) - Ad

Gold has hit all-time highs, breaking $3,600 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

OpenAI and Meta say they're fixing AI chatbots to better respond to teens in distress

SAN FRANCISCO (AP) — Artificial intelligence chatbot makers OpenAI and Meta say they are adjusting how their chatbots respond to teenagers and other users asking questions about suicide or showing signs of mental and emotional distress.

Vanuatu delays $330M Australia security pact over Chinese funding concerns

MELBOURNE, Australia (AP) — is not yet ready to sign a security and economic treaty with over concerns the bilateral pact could restrict the South Pacific island nation’s ability to secure infrastructure funding from a third country, Vanuatuan Prime Minister Jotham Napat said on Tuesday.

The Next Palantir Moment Could Be Here - Ad

A $21M market cap company is landing multimillion-dollar contracts with banks and governments. With only 9.7M shares in the float, scarcity could spark explosive moves.

Now summer's over, here's what to do with all those photos on your camera roll

LONDON (AP) — The summer holidays are over, and all those great times you had on vacation have been memorialized in hundreds of smartphone photos. Now what?

Sikh truckers see spike in anti-immigrant vitriol after deadly Florida crash

Members of California’s Sikh trucking community say a deadly crash involving one of its own, which triggered heated national , has led to a spike in anti-Sikh rhetoric.

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Average rate on a 30-year mortgage slips to 10-month low

The average rate on a 30-year U.S. mortgage slipped this week to its lowest level in 10 months, but remains close to where it’s been in recent weeks.

Shortage of homebuyers forces many sellers to lower prices or walk away as sales slump drags on

LOS ANGELES (AP) — Skyrocketing housing values and a shortage of homes on the market gave homeowners the upper hand for years when it came time to sell. That’s no longer a given.

The $25M Contract Nobody Is Talking About - Ad

One deal alone covers the entire valuation of this overlooked stock. And more contracts are already stacking up in Europe and the US.

Trump Administration Appeals 'Illegal' Tariff Ruling To Supreme Court; Asks For Swift Action

President Donald Trump is asking the Supreme Court to quickly accept and rule on his administration's appeal of a Federal Court ruling last week, which deemed most of his tariffs "illegal."

Warner Bros Discovery Soars 9% After Hours: Here Is Why The Stock Is Trending

Warner Bros. Discovery's stock soared to a record high amid takeover talks with Paramount Skydance, reflecting strong market momentum and significant gains this year.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50. - Ad

The AI company making heart disease easier to detect is offering investors $3.50 investment units that include one convertible preferred share and one warrant, providing investors with access to 2 common shares. Based on analyst 1- year projections, that amounts to a near-term 500% return potential.

Vontier Seen Riding IoT Boom And Recurring Revenue Growth To Stronger Earnings, Analyst Says

KeyBanc's Katie Fleischer bullish on Vontier(NYSE: VNT), expects growth in IoT, recurring revenue and margin expansion. Overweight rating, PT $50.

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 trendadvisor.net
Privacy Policy | Terms of Service