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It's Not too Late for Social Media to Regulate Itself

Opinion: A self-regulatory organization for search and social media—like the financial industry's FINRA—would protect the public interest without enacting overly blunt laws that discourage innovation.

Silicon Valley’s search and social media giants determine who sees what information, and how. Never before has such a small number of companies had the power to connect billions of people instantly—and with it, the ability to shape and alter the information ecosystems of entire societies.



Rob Reich is a professor of political science and codirector of the Center on Philanthropy and Civil Society at Stanford University. David Siegel is cochair of Two Sigma, a financial services company that uses technology and data science to optimize economic outcomes in investment management, insurance, and related fields.

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