Why don't the companies running social networking sites that make money from ads posted on their social media bear full responsibility for the content of the ads posted and for the financial, social, moral and other damages caused by ads that are not properly verified?
In today's most popular online social media, there have recently been many untrustworthy advertisements for various products and services, including misleading ads presenting false, unreliable, fraudulent offers of pseudo financial services. Often beginners or experienced influencers and youtubers play the role of presenting certain offers. Sometimes the people presenting certain untrustworthy offers of products or services are seemingly random people who, seemingly as mere citizens of the Internet who want to share their experiences of using various offers, presenting mainly or exclusively positive aspects of using certain presented products and services in reality are paid by the companies whose offers they present. Sometimes influencers and youtubers are given ownership of a specific advertised product for free as a form of gratification. In addition, artificial intelligence technology is increasingly being used to create advertising spots broadcast on social media. Individuals and companies using generative artificial intelligence technology, including applications based on AI technology available for free on the Internet to create advertising spots are taking advantage of legal loopholes, i.e. the lack of legal regulations that would normalize this sphere of the use of AI technology and limit the scale of misinformation, generation of fejknews, untrustworthy advertisements presenting various product and service offers using misleading content to the public that is inconsistent with facts, unverified using reliable, objective expert knowledge, scientific research conducted, etc. In addition, in AI-generated spots, animations and advertising videos, more and more often, instead of human influencers and youtubers, there are replacing them with a kind of avatars, digitally generated people who do not exist in reality. It happens that digitally generated images of real existing public figures of politicians, athletes, showbiz people, actors, singers, etc. are used in unreliably generated spots, animations and advertising videos, into whose mouths are put statements, texts, words that in reality they have never spoken. Recently, more and more often in the online social media, in which there are certain segments, generations of Internet users, citizens, there are many unreliable, taking advantage of the low level of knowledge in the field, offers of pseudo financial services, offers of supposedly super easy and highly profitable investments in cryptocurrencies, in miraculous investment strategies in Bitcoin requiring virtually no knowledge of finance, extra unique investment offers in precious metals, in contracts on selected securities, shares of dynamically growing startups basing their development on artificial intelligence technology, conducting innovative research projects with the aim of creating a miracle cure for cancer or other difficult-to-treat or incurable diseases. Public organizations and institutions representing the interests of consumer citizens, dealing with the issue of consumer protection and competition, investigating the problem of unreliable and misleading citizens presented in social media spots, animations, advertising videos, NGOs and socially active organizations are trying to warn citizens against such unreliable, fraudulent, false content ads. However, the main role in protecting citizens acting as consumers of information should be played by the technology companies running the aforementioned online social media. Leading online technology companies running popular social media sites are developing new technologies and are most equipped with modern ICT, Industry 4.0/5.0 technologies, and are therefore most predisposed to create reliably effective systems for verifying the content used in advertising campaigns run on their social media. This is because there is a lack of legal regulations in the legal normatives that would oblige the companies running social networks earning money from the advertisements posted to verify the content used in the advertisements, to check the issue of compliance of the content of the advertisements with the facts, with the generally applicable expert knowledge, with the results of scientific research conducted, and to make the said technology companies fully responsible for the content of the advertisements posted in their social media and for the financial, social, moral and other damages caused by the advertisements not properly verified. Besides, in addition to the necessary legal regulations, there should be a system of mandatory insurance fund financed by the said technology companies, from which compensation would be paid for all the negative effects caused by the broadcast on social media of fake news, misleading product and service offers, unreliable influencers, youtubers, advertising companies, etc. An additional solution that should be introduced is the possibility of legal enforcement of financial claims on the aforementioned insurance funds from unreliable influencers, youtubers, advertising companies, etc.
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In view of the above, I address the following question to the esteemed community of scientists and researchers:
Why don't the companies running social networks that make money from the ads posted on their social media bear full responsibility for the content of the ads posted and for the financial, social, moral and other damages caused by ads that are not properly verified?
Why don't the companies running social media sites bear full responsibility for the content of unreliable ads posted?
What do you think about this topic?
What is your opinion on this issue?
Please answer,
I invite everyone to join the discussion,
Thank you very much,
Best wishes,
Dariusz Prokopowicz
The above text is entirely my own work written by me on the basis of my research.
In writing this text I did not use other sources or automatic text generation systems.
Copyright by Dariusz Prokopowicz