By Yasin Ebrahim
President Donald Trump on Thursday signed an executive order that could see social media companies lose the shield protecting them against liability from content posted on their platforms.
Under the new order, Trump vowed to remove the liability shield, granted under Section 230 of the Communications Decency Act, and said he would also pursue legal actions against social media companies.
The crackdown on social media platforms comes just days after Twitter began fact-checking Trump's posts.
Facebook (NASDAQ:FB), Twitter (NYSE:TWTR), Pinterest (NYSE:PINS), Snap (NYSE:SNAP) were up in after-hours trading.
