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A Texas Law Threatens the Future of Social Media. Investors Should Pay Attention.

NetChoice, a tech trade group, said: “In passing HB 20, the Texas legislature ran roughshod over the First Amendment.”

Facebook and other social media firms referred Barron’s to NetChoice when asked for comment about HB 20.

NetChoice argues that the law leads to a world in which social media overflows with objectionable content. “The government cannot force American businesses to host and spread a mass murderer’s vile manifesto, Putin’s anti-West propaganda, or an anti-Semite’s Holocaust denial,” NetChoice said in a recent statement