Facebook and Twitter leaving Germany all together is rapidly becoming a likely reality for German citizens as the German government is cracking down on hate speech on social media sites. This is creating a huge opportunity for any social media platform that inspires positivity and limits hate speech (Steemit cough, cough).
It started off just as a conversation, but it became reality when on June 21 German police raided 36 homes accused of hateful speech on social media. They are raiding people for what they say on social media, right now, in a democratic country. That just blows my mind.
And this is just the beginning for the social media giants' problems.
The German legislative branch is currently debating a new law that would fine social media companies up to 50 million Euros ($73 million) for not effectively and efficiently removing hateful speech online.
I guess Facebook is only deleting 39% of hateful speech and Twitter is even worse with only 1% deletion rate. The social media giants don't seem to know how to adapt (a trend that will be seen many times in the future with Facebook) leaving a huge opportunity for Steemit to come in and become a major player in Germany's social media landscape.
the very nature of Steemit where the presence of the downvote amongst other measures helps keep hate speech limited on the platform
Germany has 33 MILLION active social media users and that's only a 47% penetration rate of the German population. Most of these active users will leave Facebook and Twitter for other alternatives as a result of the German government's actions.
Germany has the biggest economy in Europe with a GDP (Gross Domestic Product) in 2015 of $3.356 TRILLION. $3.356 TRILLION! Can you imagine if Steemit could make STEEM the go-to cryptocurrency in the German marketplace
Come on Steemians and Steem, Inc lets move on this opportunity and push hard into Germany. Let's fulfill a huge need in Germany that will bring benefits to many.
SOURCES:
- http://www.smartinsights.com/social-media-marketing/social-media-strategy/new-global-social-media-research/
- http://www.smh.com.au/technology/web-culture/german-police-raid-36-homes-over-hateful-postings-on-social-media-20170620-gwv6h2.html
Thank you as always for your time and attention.
Namaste
