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The Unpopular Truth You Need To Hear

Dear Rundown Reader,

Free speech is a fundamental right.

But in no way do we condone hate speech.

It’s inflammatory and divisive.

It’s also an easy way to get yourself pegged as a “you know what.”

Which makes discussing free speech, hate speech and its repercussions, as highlighted by the Infowars social media ban, all the more difficult.

But we like a challenge.

Today’s Rundown dives deep into social media’s crackdown and reveals the unpopular truth you need to hear.

Your Rundown for Thursday, August 9, 2018…

Social Media Creates Slippery Slope for Free Speech

Freedom of speech.

The right to express any opinion without censorship or restraint.

The internet.

A global computer network providing a variety of information and communication facilities.

Social media.

Websites and applications that enable users to create and share content or participate in social networking.

Combine all three and you have the last bastion of uncensored communication.

But now that freedom is coming under fire and all eyes are on Spotify, Google, YouTube and Facebook for their recent crackdown.

Infowars’ Alex Jones is at the center of it all. He, and his far-right website, were recently banned from most social media sites for hate speech.

Twitter bucked the trend by continuing to carry Infowars on its platform. CEO Jack Dorsey stating: “We haven’t banned Alex Jones because he hasn’t violated our rules,” reports Forbes.

Now the unpopular truth.

Good job by Twitter.

Alex Jones’ content is crap. But limiting free speech is not something Google, Facebook or any other social media platform should do.

It’s too slippery a slope. Will they target sites fairly? Who defines the rules?

This is stuff for the courts. The U.S. Supreme Court. And no one else.

Joseph Holt, an ethics professor at Notre Dame, sums it up best in his opinion piece to The Chicago Tribune:

“Alex Jones is a loathsome windbag — let him speak.”

Now, turning to the markets this morning…

Market Rundown for Thurs., August 9

S&P 500 futures are up 1.50 at 2,856.

Oil’s flat at $66.91.

Gold’s up $1.30 to $1,222. Wake us up when gold jumps $20 or more.

Bitcoin goes for $6,314 this morning, according to CoinDesk. Support broken. We’ve said it before… Crypto’s savior is institutional blockchain. More on this later.

We’ll talk again on Friday.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the Publisher of Seven Figure Publishing. He's been researching and writing about technology and markets for over a decade and is a graduate of Penn State and Johns Hopkins.

View More By Aaron Gentzler