Social media harms democracy by spreading rumors, survey shows

By Reuters News

- A growing number of people think social media manipulates and divides people and harms democracy, Pew Research Center said on Thursday, echoing rising concern and tighter scrutiny across the world.

Companies running popular social platforms, including Meta META.O, Snap SNAP.N and TikTok, have faced thousands of lawsuits and paid large sums to settle claims that they harmed users. Governments, meanwhile, have sought foolproof ways to protect their citizens’ privacy.

Australia has proposed rules to let users opt out of algorithmically recommended feeds, after becoming the first country to ban social media for children under 16. Pew’s latest survey showed that 82% of Australian adults support the government's move to restrict social media access for children.

A majority of respondents said social media informs people and gives them a voice in politics, but there was a broad rise in those who now see social media as a "bad thing" compared to 2022, according to the report.

People in wealthier countries, including the US, Canada and UK, are more inclined to believe that social media is harming democracy, versus their counterparts in economies with lower gross domestic product per capita — such as Ghana, Kenya and Nigeria.

The US is among the most skeptical, with 64% of adult respondents saying social media harms democracy. The share of people who consider social media bad for democracy increased in 16 of 26 countries where older data was available.

Pew Research said it surveyed more than 45,000 people in 37 countries, while polling an additional 5,511 US adults on American social media use.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.