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InvestorChannel's Media Watchlist Update for Thursday, December, 31, 2020, 16:00 EST – InvestorIntel

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InvestorChannel’s Media Stocks Watchlist Update video includes the Top 5 Performers of the Day, and a performance review of the companies InvestorChannel is following in the sector.
Sources Include: Yahoo Finance, AlphaVantage FinnHub & CSE.
For more information, visit us at InvestorIntel.com or email us at info@investorintel.com

Watchlist Companies:
– Thunderbird Entertainment Group Inc (TBRD.V) CAD 3.20 (4.58%)n- MediaValet Inc (MVP.V) CAD 2.78 (0.72%)n- Adobe Inc. (ADBE) USD 500.12 (0.54%)n- HubSpot Inc (HUBS) USD 396.92 (0.43%)n- QYOU Media Inc (QYOU.V) CAD 0.11 (0.00%)n- Quizam Media Corp (QQ.CN) 0.38 (0.00%)n- Network Media Group Inc (NTE.V) CAD 0.18 (0.00%)n- Postmedia Network Canada Corp (PNC-A.TO) CAD 1.50 (0.00%)n- Moovly Media Inc (MVY.V) CAD 0.11 (0.00%)n- Media Central Corp Inc (FLYY.CN) 0.01 (0.00%)n- Lingo Media Corp (LM.V) CAD 0.08 (0.00%)n- GVIC Communications Corp. (GCT.TO) CAD 0.14 (0.00%)n- Glacier Media Inc. (GVC.TO) CAD 0.26 (0.00%)n- ZoomerMedia Limited (ZUM.V) CAD 0.08 (0.00%)n- Slack Technologies Inc (WORK) USD 42.25 (-0.19%)n- Corus Entertainment Inc. (CJR-B.TO) CAD 4.28 (-0.47%)n- Stingray Group Inc (RAY-A.TO) CAD 6.59 (-1.20%)n- Wix.com Ltd (WIX) USD 249.96 (-2.69%)n- WOW! Unlimited Media Inc (WOW.V) CAD 0.45 (-4.26%)n- Zoom Video Communications Inc (ZM) USD 337.32 (-4.55%)n

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EDITORIAL: Social media giants content to pass baton on policing hate – TheChronicleHerald.ca

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Perhaps the easiest explanation is that businesses prefer a firm set of ground rules to uncertainty — even if those ground rules are going to get tougher, thanks to other people’s problems.

Canada’s federal government was already looking at regulating social media before the U.S. presidential election and the Jan. 6 violence at the U.S. Capitol. After the riot, the necessity of that regulation came even more to the fore.

And, perhaps surprisingly, social media companies are looking forward to having guidelines that they can actually apply. That may be because regulation would take the onus off of the companies themselves — they would simply be applying this country’s rules, rather than trying to haphazardly control the Hydra-like spread of internet hate on their own.

And it may also be because those same social media companies — and their employees — are uncomfortable about the continued presence of violent and hateful language on their platforms, yet feel to a large extent unable to handle, monitor or moderate the far reaches of their own empires.

Google, Facebook and Twitter have all indicated that they would be in favour of clear rules from the federal government about what the government considers to be illegal content.

The government of Prime Minister Justin Trudeau made regulating social media an election promise in 2019, saying in Heritage Minister Steven Guilbeault’s mandate letter that the minister was charged with taking, “action on combatting hate groups and online hate and harassment, ideologically motivated violent extremism and terrorist organizations.”

Australia, France and Germany have all taken steps to address social media hate, with a German law giving social media companies a 24-hour deadline to remove material or face fines.

Though the structure of Canada’s legislation hasn’t been revealed yet, Guilbeault told the Globe and Mail that, “While preserving a fundamental right to freedom of expression, our approach will require online platforms to monitor and eliminate illegal content that appears on their platforms. That includes hate speech, terrorist propaganda, violent content, child sexual exploitation and the non-consensual sharing of intimate images.”

Google, Facebook and Twitter have all indicated that they would be in favour of clear rules from the federal government about what the government considers to be illegal content.

And that shouldn’t come as a surprise to anyone.

Companies spend a fair amount of time analyzing what constitutes a risk to their core business. Anyone who has ever worked in private business at the managerial level knows that there are two prongs that managers are supposed to be aware of — not only opportunities, but threats as well.

Those threats can hit the core of a company. At least one right-leaning social media firm, the much more permissive Parler, saw scores of its suppliers, including its web-hosting company, flee after the Jan. 6 violence brought hate-fuelled Parler postings to the fore.

Even in the world of social media, chickens can come home to roost.

Someone else’s rules can take some of that pressure away.

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Ottawa ready to give police more powers to go after social media companies and the people who use them – StCatharinesStandard.ca

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Additional law enforcement powers and an independent appeal process could be part of a new regulatory regime aimed at social media companies that Ottawa is in the final stages of completing, according to Heritage Minister Steven Guilbeault.

During an interview with the Star, Guilbeault also said that a new regulator will be set up to oversee the rules Ottawa is bringing in to curb the sharing of illegal content — including hate-speech, child pornography and non-consensual intimate images — on platforms like those owned by Facebook and Google.

The regulator will have auditing powers and likely will be able to “look under the hood” to observe how algorithms at the companies work, Guilbeault said, but stressed that they wouldn’t “go after proprietary information.”

“This would have to be well defined,” he said, “but it’s to understand and to be able to see whether or not the platforms are doing what they should be doing.”

Steep fines would be in place for those that are found in non-compliance of the regulations, which are expected to be introduced in February or March.

Guilbeault said the government is in the final stages of exploring an independent appeal process wherein individuals who have had their content removed on social media platforms can take it up with the regulator.

There will also be a complaint process that people can go through with the regulator.

Guilbeault also said he expects additional law enforcement measures would be put in place under the new regime. There will be a mechanism for the “off-ramping” of cases to law enforcement, he said, and “more means for law enforcement in Canada to prosecute those.”

“If you’re doing something illegal on these platforms, we will give ourselves the means to go after you,” he said.

“Law enforcement will have the ability to get information from the platforms to prosecute the individuals or groups of individuals in question.”

The implementation of an appeal process has some concerned that the government could go too far intervening into the private practices of companies and experts say adding in additional law enforcement measures for police to get information from social media companies is a complicated process.

Private companies have their own standards for removing content they deem illegal or inappropriate. A Facebook official, who spoke to the Star on the condition of anonymity, said that the idea of a government regulator having the power to hear appeals from people who take issue with that company’s policies concerns them.

It’s one thing for a government regulator to enforce its own rules around illegal content on websites — something Facebook and other tech companies have publicly welcomed — but another thing entirely for that regulator to be able to consider decisions to remove content made by a private entity, said the source.

“I think we should all pause on that,” they said.

Vivek Krishnamurthy, a law professor at the University of Ottawa, said he wants more transparency from the government around its plans for a new regulator with auditing powers.

“What are the constraints on this auditing mechanism,” he said. “Are they going to audit the content? Are they going to audit the decision-making processes of the social media companies?”

Jordan Donich, a Toronto-based criminal defence lawyer, said it will be tough to give law enforcement additional powers to gather information since the companies will want to protect their customers’ privacy.

“I don’t think (the companies will) compromise the vast majority of lawful users by appearing to just flagrantly provide information to the police,” he said.

Currently, tech companies do co-operate with law enforcement and have in-house teams that police illegal content as well, said Donich.

Sometimes tech companies deny law enforcement’s request for information and ask for a court order, said Donich.

“This is what we want,” he said. “We want our information to be protected, because, you know, illegal or not, the police should have some check and balance on their power.”

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According to recent reports and surveys, there’s broad public support for government regulation of social media companies in Canada.

The Canadian Race Relations Foundation commissioned Abacus Data to survey 2,000 randomly selected Canadians between Jan 15-18 and found that 60 per cent support the federal government doing more to prevent hate-speech and racism online. Additionally, the survey found that 80 per cent agreed the social media companies should be required to remove hate-speech and racist content within 24 hours.

It also found that 79 per cent supported expanding the law so that people can be held accountable for what they do and say online.

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Executive Education Launches Social Media Analytics & Research Program – UM Today

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January 27, 2021 — 

The influence of social media is undeniable. It’s a powerful tool that’s reshaping how organizations gather valuable, real-time data to guide strategic decision-making.

With unprecedented access to vast amounts of information about customers, competitors and industry trends, it’s critical for leaders to have the social expertise they need to know where to find key data and how to draw meaning from it.

It’s with this in mind that the James W. Burns Executive Education Centre has launched the one-day virtual Social Media Analytics & Research program. Focused on providing participants with the tools they need to confidently and effectively engage, track and gather crucial data through social media, this program provides the critical skills every leader should have in today’s digital landscape.   

Program instructor Estelle Métayer is an expert in Competitive and Strategic Intelligence. She advises CEOs and boards as they build/improve their strategic decision-making process and competitive intelligence functions to avoid strategic blindspots. “In an era where all companies are undergoing a digital transformation, understanding social media networks as a professional tool is an indispensable skill for managers and executives,” says Métayer.

In one day of immersive learning, participants will explore core and emerging social media networks, uncovering essential components, as well as hidden functionalities they can use to discover strategic insights. By expanding their knowledge of key sources of social media information and how to use them, they’ll be well positioned to capitalize on the power of social media.

The Winter 2021 session of Social Media Analytics and Research is coming up on March 16. Register today by visiting: https://umanitoba.ca/faculties/management/exec_programs/social-media-analytics.html

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