The testimony of Daniel Steck, Analyst at Piguet Galland, on Meta's decision to abandon fact-checking was featured on the podcast Le 12h30 on RTS.
Meta, the parent company of Facebook, recently announced the end of its fact-checking programme, an initiative previously criticised by former president Donald Trump. This decision raises questions about its economic implications and its impact on users and advertisers.
Daniel Steck, a specialist in US equities at Piguet Galland Bank, analysed this decision on RTS’s Le 12h30 programme. He highlighted a positive aspect in reducing investors' concerns about potential further regulation. However, he remains cautious about the possible consequences, drawing a parallel with X (formerly Twitter) after Elon Musk's takeover, where deregulation led to a significant advertiser exodus.
Discover the key points of his analysis and understand how this decision could shape the future of social media.