Australia Calls For Inquiry Into Meta's Facebook, Elon Musk's X, TikTok To 'Make These Platforms Accountable For Their Decisions'
Portfolio Pulse from Benzinga Neuro
The Australian government has announced a parliamentary inquiry into Meta Platforms Inc.'s Facebook, ByteDance's TikTok, and Elon Musk's X, focusing on their handling of violent content and news payment issues. This move highlights concerns over social media's influence and lack of regulation, with specific incidents like X's refusal to remove violent content sparking legal battles. The inquiry aims to hold these platforms accountable for their decisions.
May 10, 2024 | 3:45 am
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Meta Platforms Inc., owner of Facebook, is under scrutiny by the Australian government for its content handling and news payment practices, potentially affecting its operations and public image in Australia.
The inquiry into Meta's practices, especially regarding content handling and news payments, could lead to regulatory challenges and public relations issues in Australia, potentially affecting its stock price negatively in the short term due to increased scrutiny and possible regulatory actions.
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