The Australian government wants to introduce powers to fine social media platforms up to 5% of their global revenue if they fail to stop the spread of misinformation under a revised legislative plan introduced Thursday, Reuters reports.
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Australian plan for misinformation law riles Elon Musk
The Australian government wants to introduce powers to fine social media platforms up to 5% of their global revenue if they fail to stop the spread of misinformation under a revised legislative plan introduced Thursday, Reuters reports.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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