January 18, 2021
An article in the Daily Mail says Britain’s Competition and Markets Authority (CMA) has launched an investigation into the algorithms used by Google, Amazon and Facebook. The CMA is concerned that the algorithms influence people’s purchases, change their perceptions by choosing the news that they see and even manipulate their love lives through dating apps. The CMA said companies can use algorithms to change the way they rank products on websites. This allows them to give a higher rating to their own products and exclude competitors.
The CMA’s investigation comes weeks after it said Google’s control of Britain’s online advertising market would be investigated. Some have claimed that Google is using its web browser, Chrome, to abuse its dominance in searches and browsing. Social mood governs the timing of government crackdowns on companies.
To learn more, read “The Timing and Character of Investment Legislation.”
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.
The Socionomist enables you to see trend-shaping waves of social mood, as reflected by the stock market — and capitalize on them. The June issue looks at phases of social mood and features a “Research Roundup,” which highlights five academic studies that shine a light on important aspects of socionomic theory. Mood Riffs topics include “quiet luxury,” loneliness, the Writers Guild strike and efforts by countries to trade in currencies other than the U.S. dollar. Read the June issue when you become a Socionomics Premier Member.
