China decided to tackle the presence of sensitive comments on the online world with censorship. Three giant companies in the country lost significant value after they were banned from streaming new video content. According to authorities, these imageries are encouraging viewers to open delicate topics of discussion.
China Wants to Interdict Video Content that Promotes Values and Ideas in Incongruence with Government Regulations
On Thursday, the State Administration of Press, Publication, Radio, Film, and Television interdicted online services such as Weibo Corp. to permit certain broadcasts. These materials that received a clear ban encourage negative discussions that are against government laws.
The official announcement was short on details. For instance, it is unclear how these measures should be put into practice. However, this new regulation was enough to crash stocks in Weibo down by 6.1% in New York. Sina which is behind this service fell approximately 5%.
This latest decision is just another attempt that indulges the government’s intent to gain control over the internet. However, the ban might cause more damages to successful companies than ever before. Services like Chinese microblogging website Weibo managed to revive their financial growth thanks to video content. By following this new direction, Weibo raised a subscribers base that is more powerful than Twitter’s. At the same time, its market value passed the $16 billion threshold.
The Latest Wave of Fake News on Social Media Supported Chinese Government in Its Institutionalized Censorship
The Chinese system imposed one of the most austere restrictions in the world. The government hopes to keep social balance by protecting citizens from ideas that promote dissents. Weibo needed an entire team of thousands of members to filter its content and remove those messages that might upset Beijing.
There are numerous activities who criticize these institutionalized censorships. However, the government used the recent wave of fake news that flooded Facebook and Google as support for their actions. Authorities argued that the world wide web is full of dangers that only a tighter control can banish.
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