This push for transparency comes at a time of particular scrutiny for Big Tech, with pressure surrounding internal algorithms and data ownership. Speaking after the event, Mr Clegg was keen to stress the differences between Meta and its once-rival, X (then Twitter). Since Elon Musk, the world’s richest man, purchased the social media platform from founder Jack Dorsey in 2022, the company has plummeted in value and been at the centre of multiple controversies surrounding disinformation. Meta, meanwhile, has invested $20bn into online safety and security since 2016, including $5bn this year alone – much of which went towards combatting online disinformation around high stakes elections in the United States and India. Its market capitalisation currently stands at $1.4trn.
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