Trump threatens to 'close' down social media platforms

There's an unsolved conundrum I haven't heard mentioned yet.

After the 2016 election, there was a thought that too much false information is spreading on social media. This happens in every country and across every form of communication - but social media platforms seem particularly worrysome (and is particularly bad with Whatsapp forwards in some Asian countries).

So what should the social media companies do? Censor people? Disallow certain messages (like they do with terrorism related posts)?

They settled on just putting in fact check links with certain posts. Trust in the fact deciding institution will of course be difficult to settle. No one wants a ministry of truth (or the private alternative).

So the question remains - do you, or how do you lessen the spread of misinformation?

To be fair, this isn't a new problem. Historically, newspapers had a similar control. It is interesting because most people want to be in an echo chamber. We as humans long to belong. We don't want to be completely wrong. Newspapers mitigated this by having multiple layers of editorial control and attempting to only put people in control who value truth, although that isn't absolute. The difference with Twitter is that anyone can spew anything and to large audiences and the network effect is huge. Back in the day, a newspaper printing garbage in Tulsa probably had no influence in Seattle. That is no longer the case.

The interesting thing that I think Jack Dorsey should respond directly to Trump's tweet about regulation is "I'm sorry you no longer find Twitter useful. Feel free to use a competitor's product." The main reason that the social networks haven't clamped down is that they need the eyeballs and controversial figures generate a lot on both sides (hate/love).