LONDON (Reuters) – Investors ought to use their monetary clout to pressure web corporations into taking extra duty for stopping militants and paedophiles utilizing their platforms, British Prime Minister Theresa May will say on Thursday.
May will make the decision on the World Economic Forum in Davos, Switzerland, the place the world’s strongest leaders, traders and executives are gathered to debate the global agenda.
“Technology companies still need to go further in stepping up to their responsibilities for dealing with harmful and illegal online activity,” May will say in response to advance extracts of her speech.
“These companies simply cannot stand by while their platforms are used to facilitate child abuse, modern slavery or the spreading of terrorist and extremist content.”
May, a former inside minister whose 18 months in energy has been marked by a sequence of lethal assaults, has repeatedly referred to as on corporations like Facebook (FB.O) and Twitter (TWTR.N) to do extra to cope with extremist and dangerous content material.
On Thursday, she is going to say that whereas some progress has been made on the automated elimination of dangerous content material, traders ought to exert their monetary affect to pressure additional motion.
“Investors can play a vital role by considering the social impact of the companies they are investing in. They can use their influence to ensure these issues are taken seriously,” she is going to say.
Data revealed final week confirmed social media firms had accelerated removals of on-line hate speech within the face of a possible European Union crackdown.
The British government has to this point met quiet resistance from tech leaders like Facebook, Google (GOOGL.O) and Twitter, and critics say ending encryption will weaken safety for official actions and open a again door for government snooping.
In December, responding to a government risk to make use of taxes to push corporations into motion, Facebook stated it had invested tens of millions of kilos in folks and know-how to determine and take away terrorist content material.
YouTube, which is owned by Google, stated in December it was doing extra day-after-day to sort out violent extremism.
On Thursday, May will demand a cross-industry strategy to the issue, together with smaller corporations. She singled out messaging service Telegram as instance of how small platforms “can quickly become home to criminals and terrorists”.
“No one wants to be known as ‘the terrorists’ platform’ or the first choice app for paedophiles,” she is going to say.
Editing by Stephen Addison