Should Social Media Platforms Be Held Responsible For The Content Posted On Their Platforms?

Social Media platforms is currently the most popular medium amongst content creators. It provides an easy and powerful access to the content creators to publish and broadcast their content. However, such easy accessibility poses its own challenges and nuances. Misuse of Intellectual Property, spread of fake news, obscene content are some of such nuances. This raises the question on the role of social media intermediaries in dissemination of such fake and obscene content. With respect to the violation of Intellectual Property Rights, social media intermediaries could be held responsible only in cases where even after having reasonable "knowledge" of the infringement taking place on its platform they failed to take down such content.