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16 Duke L. & Tech. Rev. 393 (2017-2018)
Systemic Social Media Regulation

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     SYSTEMIC SOCIAL MEDIA REGULATION

                           FRANK FAGANt
                           ABSTRACT
       Social media platforms are motivated by profit, corporate
    image, long-term viability, good citizenship, and a desire for
    friendly legal environments. These managerial interests stand in
    contrast to the gubernatorial interests of the state, which include
    the promotion of free speech, the development of e-commerce,
    various counter terrorism initiatives, and the discouragement of
    hate speech. Inasmuch as managerial and gubernatorial interests
    overlap, a self-regulation model of platform governance should
    prevail. Inasmuch as they diverge, regulation is desirable when
    its benefits exceed its costs. An assessment of the benefits and
    costs of social media regulation should account for how social
    facts, norms, and falsehoods proliferate. This Article sketches a
    basic economic model. What emerges from the analysis is that the
    quality of discourse cannot be controlled through suppression of
    content, or even disclosure of source. A better approach is to
    modify, in a manner conducive to discursive excellence, the
    structure of the forum. Optimal platform architecture should aim
    to reduce the systemic externalities generated by the social
    interactions that they enable, including the social costs of
    unlawful interference in elections and the proliferation of hate
    speech. Simultaneously, a systemic approach to social media
    regulation implies fewer controls on user behavior and content
    creation, and attendant First Amendment complications. Several
    examples are explored, including algorithmic newsfeeds, online
    advertising, and invited campus speakers.
                         I. INTRODUCTION
       Recently, during the ongoing wave of sexual assault claims
involving  celebrities, newscasters, politicians, and   high-profile
Hollywood employers, NPR's All Things Considered ran a segment
entitled, Women Are Speaking Up About Abuse, But Why Now?' Why
now is a good question. Sexual harassment has only been recognized as an


T Associate Professor of Law, EDHEC Business School, France. The author
would like to thank Saul Levmore for comments.
1All Things Considered. Women Are Speaking UpAboutAbuse, but Why Now?
NAT'L. PUB. RADIo (Oct. 27, 2017), https://www.npr.org/2017/1O/27/
560231232/women-are-speaking-up-about-harassment-and-abuse-but-why-now.