Barry Diller: Facebook doesn't have editorial responsibility

Barry Diller arrives at the 2015 Vanity Fair Oscar Party. Photo: Evan Agostini / AP

IAC and Expedia Inc. Chairman Barry Diller doesn't think Facebook should have a responsibility to police the information on their platforms like a news organization. But Diller did say some regulation should apply to Big Tech in some areas.

Why it matters: Social media companies like Facebook and Twitter are under harsh congressional scrutiny over concerns that they enabled the spread of so-called "fake news" and meddling by Russian actors in the 2016 U.S. presidential election. One question that's being debated is whether these companies have the same responsibilities as news organizations in regards to filtering or moderating news disseminated through their networks.